Lumbini Finance & Leasing Co. Ltd has concluded its 14th annual general meeting at Pragya Bhawan, Kamladi, Kathmandu on 14th January 2010 (2066 Poush 30). As per the annual financial report (2065/66) of the finance company, it has Rs. 120 million share capital and had collected Rs. 1.0712 billion as deposits. The operating profit was Rs. 102.6716 million and net profit at the close of fiscal year was Rs 76.1216 million. It has also decided to provide 25% bonus share from the profit of fiscal year 2065/66 and thereafter issue right share in the ratio of 1:1.
Source:Jamb News Service
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Showing posts with label Right Share Issuance. Show all posts
Showing posts with label Right Share Issuance. Show all posts
Saturday, January 16, 2010
GMFIL to give 10% bonus and 3:2 right shares
Guheshwori Merchant Banking and Finance Limited have completed its 8th annual general meeting today (14 January 2010). The AGM has approved 10 percent bonus share to the shareholder from the profit of fiscal year 2065/66, thereafter will issue 3:2 ratio of right share.
The company has also said that, the previous decision to balance the power ratio of company as for promoter shareholder 51% and 49% to public shareholder has successfully implemented during the year. Likewise, it has also decided to trade gold on latter days hence needed to be inclusion in MOA.
The finance company has paid up capital of Rs. 109.8111 million and holds Rs. 28.271 million in its reserve and surplus account. Likewise, during the fiscal year 2065/66, it had earned Rs. 19.867 million net profits and Rs. 30.689 million operating profit.
Source:Jamb News Service
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The company has also said that, the previous decision to balance the power ratio of company as for promoter shareholder 51% and 49% to public shareholder has successfully implemented during the year. Likewise, it has also decided to trade gold on latter days hence needed to be inclusion in MOA.
The finance company has paid up capital of Rs. 109.8111 million and holds Rs. 28.271 million in its reserve and surplus account. Likewise, during the fiscal year 2065/66, it had earned Rs. 19.867 million net profits and Rs. 30.689 million operating profit.
Source:Jamb News Service
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ILFC Headed toward Commercial Bank
International Leasing and Finance Limited have concluded its 14th annual general meeting at United World Trade Center on 13th January 2010 (2066 Poush 29). The AGM has approved 26.62% cash dividend to its shareholder from the profit of fiscal year 2065/66. Earlier, the bank has issued right share in the ratio of 1:2.1.
The bank has current paid up capital of Rs. 648 million and after the issue of right share it will fulfill Rs. 2 billion required to upgrade to the commercial bank. During the fiscal year 2065/66, the finance company has earned Rs. 81.641 million operating profit and Rs. 223.702 million net profit. The surge in net profit was primarily due to sell of land of Rs. 267.839 million.
Source:Jamb News Service
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The bank has current paid up capital of Rs. 648 million and after the issue of right share it will fulfill Rs. 2 billion required to upgrade to the commercial bank. During the fiscal year 2065/66, the finance company has earned Rs. 81.641 million operating profit and Rs. 223.702 million net profit. The surge in net profit was primarily due to sell of land of Rs. 267.839 million.
Source:Jamb News Service
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Capital Merchant gets nod for rights issue
Capital Merchant Banking and Finance has received permission from Securities Board Nepal (SEBON) for 1:1.5 rights issue.
Going by this permission, the finance company will issue 5,610,417 rights shares among its shareholders, raising its paid-up capital to Rs 935.06 million, the company said issuing a press statement on Monday.
Capital Merchant Banking and Finance is presently operating with four branches. It has also been providing ATM service and any-branch-banking-facility (ABBS) to its clients.
Source:Republica
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Going by this permission, the finance company will issue 5,610,417 rights shares among its shareholders, raising its paid-up capital to Rs 935.06 million, the company said issuing a press statement on Monday.
Capital Merchant Banking and Finance is presently operating with four branches. It has also been providing ATM service and any-branch-banking-facility (ABBS) to its clients.
Source:Republica
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Friday, January 8, 2010
BOAN Held 2nd AGM
Bank of Asia Nepal has held its second annual general meeting on 4th January 2010 (2066 Poush 20). The AGM has approved the proposal to distribute five percent cash dividend and 2:1 right shares to its shareholders.
Issuing a press statement on Tuesday, the bank said it also decided to appoint Him Bahadur Rawal and Binod Kumar Pyakurel as board members from the ordinary shareholders.
Source:Jamb
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Issuing a press statement on Tuesday, the bank said it also decided to appoint Him Bahadur Rawal and Binod Kumar Pyakurel as board members from the ordinary shareholders.
Source:Jamb
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Right Share Issue: MFL
Mahalaxmi Finance Limited is issuing right share in the ratio of 1:3.375 from 31 Jan 2010 (2066 Magh 17). The book closure date is on 14 Jan 2010 (Source: Jamb News Service)
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Monday, January 4, 2010
Sunrise to issue rights shares
The second Annual General Meeting (AGM) of Sunrise Bank Limited has decided to issue 60 percent rights shares to its shareholders.
A press statement issued by the Bank said that with the issuance of the rights shares, its total paid up capital would be Rs. 2 billion. The AGM also selected Suresh Basnet and Hikmat Bahadur Mali as the members of the bank's Board of Directors. The net profit of the bank rose by 412 percent in the last fiscal year as compared to the profit earned in the previous fiscal year.
Source:eKantipur
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A press statement issued by the Bank said that with the issuance of the rights shares, its total paid up capital would be Rs. 2 billion. The AGM also selected Suresh Basnet and Hikmat Bahadur Mali as the members of the bank's Board of Directors. The net profit of the bank rose by 412 percent in the last fiscal year as compared to the profit earned in the previous fiscal year.
Source:eKantipur
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Saturday, December 26, 2009
Right Share Issue:KMBSL
Kuber Merchant Bittiya Sastha ltd. is closing its right share issue from today, 24 Dec 2009 (2066 Push 9)(Source: Jamb News Service)
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Wednesday, December 23, 2009
Right Share Issue: NLIC
Nepal Life Insurance Co. Ltd. is issuing right share in the ratio of 4:1 from 1 January to 4 February 2010 (2066 Poush 17 to Magh 21).(Source: Jamb News Service)
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Monday, December 14, 2009
Right Share Issue: Himchuli Bikash Bank
Himchuli Bikash Bank Ltd. is issuing 1:3.0935 Right Share from 2010 January 6 to February 9 (2066 Poush 22 to Magh 26)(Source: Jamb News Service)
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Right Share Issue: SBI
Nepal SBI Bank Limited is issuing right share (2:1) from 29 December 2009 to 1st February 2010 (2066 Poush 14 to Magh 18).(Source: Jamb News Service)
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Thursday, December 10, 2009
1:1 Right Share: API
The BOD meeting of Api Finance Limited scheduled on 7 December 2009 (2066 Mangsir 22) has decided to propose 1:1 right share subject to approval from NRB and its upcoming AGM. Likewise, the finance company is having its 3rd annual general meeting on 30 December 2009 (2066 Poush 15) and closing its book from 16 Dec. to 30 Dec, 09 (2066 Poush 1 to Poush 15).
Source:Jamb News Service
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Source:Jamb News Service
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BOAN proposed 2:1 right share
The 51st BOD meeting of the 22nd Commercial bank of Nepal (Bank of AsiaNepal Limited) scheduled on 7th December 2009 (2066 Mangsir 22) has decided to propose 2:1 right share to its shareholders, stated the press released by the bank. The proposal will be submitted to the bank's upcoming second annual general meeting (20th Poush 2066) for approval. Earlier, the 47th BOD meeting of the bank dated on 30 August 2009 (2066 Bhadra 14) has decided to provide 5% cash dividend from the profit of fiscal year 2065/66 after approval from Bank's upcoming AGM and NRB.
According to fourth quarter financial report of the bank, it has earned Rs. 61.510 millions net profit and Rs. 94.826 millions operating profit. The bank has Rs. 1 billion paid up capital and Rs. 65.972 millions in its reserve and surplus. Borrowings of bank stand at Rs. 1.409 billions and have deposits of Rs. 8.875 billions. NPL to total loan is 0.01% and total loan loss provision to NPL is 18364.92 percent.
Source:Jamb News Service
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According to fourth quarter financial report of the bank, it has earned Rs. 61.510 millions net profit and Rs. 94.826 millions operating profit. The bank has Rs. 1 billion paid up capital and Rs. 65.972 millions in its reserve and surplus. Borrowings of bank stand at Rs. 1.409 billions and have deposits of Rs. 8.875 billions. NPL to total loan is 0.01% and total loan loss provision to NPL is 18364.92 percent.
Source:Jamb News Service
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Right Share Issue Extension: Alliance Insurance
Alliance Insurance Co. Ltd. has extended its right share issued date from 8th December 2009 to 15th December 2009 (2066 Mangsir 30)(Source: Jamb News Service)
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Right Share Issue: Kuber Merchant Finance
Kuber Merchant Finance Limited is issuing 1:2 right share from 24 December 2009 to 27 January 2010 (2066, Poush 9 to Magh 13)(Source: Jamb News Service)
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Sunday, November 29, 2009
Right Share Issue: ILFC
International Leasing & Fin. Co. is issuing right share (1:2.1) from 15th December 2009 to 18th January 2010 (2066 Mangsir 30 to Magh 4)(Source: Jamb News Service)
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Tuesday, November 3, 2009
Right Share (10:6) of Sunrise Bank Ltd.
The BOD meeting of Sunrise Bank Ltd. has decided to propose 10:6 right share subject to approval from NRB and its upcoming AGM and has decided to amend the provision of MOA and AOA as required by DhitoPatra Darta Tatha Niskasan Niyamabali, 2065.The trade of Sunrise Bank scrip at secondary market takes place from today. It was opened with price Rs. 499 but dragged down to Rs. 450 (12.50 PM) Tuesday.
As per the fourth quarter financial report (2065/66), the bank has posted Rs. 102.548 million net profit and Rs. 127.923 million operating profit. Likewise, the bank has paid up capital of Rs. 1.337 billion and holds Rs 12.208 million deficits in its reserve and surplus account.
Source:Jamb News Service
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Right Share Issue: Laxmi Bank
Laxmi Bank Limited is issuing right share in the ratio of 10:4 from 19 November 2009 to 23 December (2066 Mangsir 4 to poush 8)
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Wednesday, October 21, 2009
Alliance Insurance: Right Share Issue
Alliance Insurance co. Ltd. is issuing 1:1 right share from 4th November 2009 (2066 Kartik 18)(Source: Jamb News Service)
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Birgunj Finance: Right Share Issue
Birgunj Finance Ltd. is issuing 1:3.923 right share from 18th September to 22 October, 2009 (2066, Ashoj 2 to Kartik 5) (Source: Jamb News Service)
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