Goodwill Finance issues rights shares

Goodwill Finance Ltd (Finance Company) started issuing 1,732,500 units of rights share in the ratio of 1:1.5 from Thursday. The company has decided seek permission from Nepal Rastra Bank to provide 7.6 percent cash dividend and 5 percent bonus share to its share holders.

With the issue of rights shares and bonus shares, the company´s total paid-up capital would reach Rs 294.5 million, the finance company said in a statement.

The company collected a total deposit of Rs 1.09 billion and invested Rs 997.6 million by the end of 2008/09 fiscal year.The bank earned operating profit of Rs 26.3 million during the fiscal year.
Source:Republica