People’s finance to be acquired by Citizens International; share suspended for trading
Sun, Nov 16, 2014 12:00 AM on Others,
Sharesansar, November 16 -
After Nepal Housing & Merchant Finance Limited (NHMF); Citizens Bank International Limited (CZBIL) is again acquiring other finance company named-Peoples Finance Limited (PFCL).
The two financial institutions signed memorandum of understanding (MoU) to this effect.
Nepal Stock Exchange published a notice regarding the suspension of PFCL scrip share trading from today.
Earlier, Nepal Rastra Bank (NRB) on April 21 issued the acquisition bylaws enabling banks and financial institutions (BFIs) to go for acquisition.
