Investors waiting anxiously to trade in the shares of Global IME Bank may get to heave a sigh of relief from Sunday.
The bank sources told that trading in the company’s shares is likely to resume from the first day of the next week. Nepal Rastra Bank gave a seal of approval to the merger process by issuing Letter of Intent on July 8, 2013.
NEPSE had suspended the trading in the shares of Global IME Bank and Gulmi Bikas Bank following the signing of MoU for merger between them. Another merging partner, Social Development Bank has yet to float shares to the general public.
Global IME Bank was formed after merger between Global Bank and two finance companies, IME Financial Institution and Lord Buddha Finance.
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The bank sources told that trading in the company’s shares is likely to resume from the first day of the next week. Nepal Rastra Bank gave a seal of approval to the merger process by issuing Letter of Intent on July 8, 2013.
NEPSE had suspended the trading in the shares of Global IME Bank and Gulmi Bikas Bank following the signing of MoU for merger between them. Another merging partner, Social Development Bank has yet to float shares to the general public.
Global IME Bank was formed after merger between Global Bank and two finance companies, IME Financial Institution and Lord Buddha Finance.
src sharesansar
