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Mount Makalu Development Bank SGM on Poush 10; to endorse acquisition with Kabeli Bikas Bank in the share swap ratio of 100:88

Thu, Dec 14, 2017 8:11 AM on Latest, Featured, AGM/Special AGM, Stock Market,
-ShareSansar
Mount Makalu Development Bank Limited (MMDBL) will be conducting Special General Meeting (SGM) on Poush 10, 2074. The AGM is going to be held at meeting hall, Terathum at 10:30 AM. The main agendas of the SGM are:
  • To endorse decision for the acquisition and provide final authority for acquisition with Kabeli Bikas Bank Limited (KEBL).
  • To approve Due Diligence Audit Report for the share swap ratio of 100:88.
  • To appoint auditor for acquisition and fix the necessary charges for the auditing company.
  • To endorse decision of Due Diligence Audit Report, Memorandum of Understanding and Final Scheme of Arrangement.
  • To provide authority to the Board of Directors (BOD) regarding the work to be done for acquisition.
  • To provide authority to BOD for the nomination of 2 directors.
Shareholders holding their shares till Poush 3, 2074 are eligible to participate in the SGM. As per the acquisition agreement, the name of the joined entity will remain “Kabeli Bikas Bank Limited” with its head office in Dhankuta. Announcement:
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