IME to issue bonus shares

The fifth annual general meeting (AGM) of IME Financial Institution´s has decided to issue 20 percent bonus shares and offer a 1:3 rights issue to shareholders. The AGM, held on Tuesday, also approved the decisions to raise authorized capital to Rs 4 billion and paid-up capital to Rs 1.2 billion, according to a statement issued by IME on Wednesday. The AGM was inaugurated by the Hem Raj Dhakal, chairperson of the bank´s Board of Directors.
Source: Republica