NHMF’s AGM to endorse acquisition by CZBIL on 12th Mangsir; Swap ratio to be 5:2

ShareSansar, June 17:

Nepal Housing & Merchant Finance Limited is holding its annual general meeting  on 12th Mangsir, 2071.  The proposal to mandate its Board of Directors to do all the needful for its acquisition with Citizen Bank’s by previous AGM is still valid.
 
The annual general meeting is going to be held at Hotel Radisson at Lazimpat in Kathmandu.

Beside acquisition, there is another agenda for approval of yearly financial statement of FY 2070/71.

Earlier, the swap ratio for an acquisition with Citizen International Bank was finalized at 5:2; which means that Nepal Housing shareholders are entitled for 0.4 shares of Citizen’s Bank for each 1 share they hold in the company.