NCC Bank has a special general meeting on 12th December to pass the merger proposal

Nov Fri 2022 01:20:10

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NCC Bank has a special general meeting on 12th December to pass the merger proposal

Kathmandu. Nepal Credit and Commerce (NCC) Bank has called a special general meeting on December12. The Assembly will give final approval to the merger with Kumari Bank. The special general meeting will also give approval to the one-to-one share exchange ratio decided for the merger between the two banks. The meeting will also decide to give the board of directors the responsibility of doing all the necessary work in the future to complete the merger process.

For the purpose of the meeting, the bank is going to close the book on 15th November. On the basis of book close, only the permanent shareholders till 14th of November will be allowed to participate in the meeting. For the purpose of merger with Kumari Bank, the bank's share trading has been suspended since October 11.

The share trading of Kumari Bank, which was suspended on the same day, will be freed from Sunday, while the information about the freeing of NCC Bank's share trading has not been made public until Thursday.