Samudayik Laghubitta and Sanjeevani Laghubitta have signed a preliminary agreement to undergo a merger.
Samudayik Laghubitta Bittiya Sanstha Limited and Sanjeevani Laghubitta Bittiya Sanstha Limited have officially signed a preliminary memorandum of understanding (MOU) to go for a merger. Samudayik Laghubitta sent letter to Nepal Stock Exchange (NEPSE) informing that this initial agreement was completed on Saun 18, 2083.
Share Trading Suspended
Because the merger process is started, the company has requested to halt share trading of promoter shareholders of Samudayik Laghubitta. This is done as per Section 3(1) of Merger and Acquisition Guidelines, 2079. The trading will remain suspended until annual general meeting of the company is completed.
Head Office and Listing Details
Samudayik Laghubitta has its central office in Sanga, Banepa-14, Kavrepalanchok. On other hand, the central office of Sanjeevani Laghubitta is located in Tulsipur-5, Dang.
Even though Samudayik Laghubitta is already listed on NEPSE, Sanjeevani Laghubitta is not listed on stock market yet.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
