Shine Resunga, Purnima and Bhargav Bikas Bank call Special General Meeting (SGM)

June 25, 2019 | Investopaper

Shine Resunga Development bank has informed shareholders about its upcoming SGM. The Special General Meeting will take place on Ashad 27, 2076. The place of SGM is Asian Village Resort, Butwal. The SGM will start after 11 AM.

Similarly, Purnima Bikas Bank is organizing the SGM on Ashad 27. The SGM will start after 11 AM at Hotel Pauwa, Siddharthanagar, Rupandehi.

Likewise, Bhargav Bikas Bank will conduct its SGM on Ashad 27, 2076. The SGM will take place at Hotel Siddhartha View, Nepalgunj after 11 AM.

The major agenda for these three SGM is to provide approval for the acquisition of Purnima Bikas Bank and Bhargav Bikas Bank by Shine Resunga Development Bank.

The swap ratio for the acquisition will be finalized after the DDA report.

Shine Resunga Development Bank has also informed about 4:1 right share after the completion of the acquisition process. The company will upgrade itself into the national level development bank through the acquisition and the issue of right share.

For the purpose of SGM, the book closure date of Shine Resunga is on Ashad 19, 2076. Likewise, for Purnima Bikas Bank, shareholders existing before Falgun 27, 2075 (share trading close date) are eligible to participate in the SGM. For Bhargav Bikas Bank, shareholders existing before Jestha 1, will participate in the SGM.


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