Problematic-World Merchant Banking and Finance to be acquired by Progressive Finance; trading suspended
Sun, May 8, 2016 1:52 PM on Latest, Featured, Stock Market,
World Merchant Banking and Finance Limited (WMBF) trading has been suspended in Nepal Stock Exchange Limited (NEPSE) from today.
The finance company’s trading has been suspended due to the acquisition process by Progressive Finance Limited.
Progressive Finance had net profit of Rs 2.55 crore in the second quarter of the fiscal year 2072/73.
