Prime Commercial Bank convenes SGM to approve acquisition of Kankai Bikas Bank; shareholders to get 71.50 Prime shares for 100 Kankai shares
Wed, Aug 7, 2019 10:11 PM on AGM/Special AGM, Corporate, Latest,
Prime Commercial Bank has convened its Special General Meeting on Shrawan 22, 2076 through which the bank has endorsed the decision to acquire Kankai Bikas Bank. The SGM has agreed to acquire the development bank in the share swap ratio of 100 : 71.50, as per the media statement.
Following the acquisition, PCBL will have 94 branches at different parts of the nation, as per the media statement.
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