Right Share (10:6) of Sunrise Bank Ltd.

03, Nov 2009

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