Progressive Finance 19th AGM today; to endorse acquisition with World Merchant Banking & Finance

Fri, Jun 17, 2016 3:00 AM on Latest, Featured, AGM/Special AGM, Stock Market,
Progressive Finance Limited (PROFL) is convening its 19th Annual General Meeting (AGM) today (Ashad 3, 2073). The AGM is going to be held at Royal Banquet and Restaurant, Tinkune, Koteswor, Kathmandu at 3:00 PM. Main agendas of the AGM are:
  • To change the share structure and amend the article of association accordingly.
  • To endorse acquisition process with World Merchant Banking and Finance Limited.
  • To amend article of association and memorandum of association for changing the BOD structure.
  • To appoint auditor to do Due Diligence Audit for the purpose of acquisition process.
  • To endorse memorandum of understanding (MOU) for the acquisition process
Other main agendas of the AGM include financial highlights of 2071/72 and appointment of auditor. The register of their shareholders has been closed from Jestha 26, 2073 till today for the purpose of its AGM.