Kathmandu. Secured Securities Company, licensed by the Securities Board of Nepal, is going to merge. The broker is going to pass the proposal to go for merger and acquisition from the 18th Annual General Meeting.

The company has convened its annual general meeting on September 15. In the meeting, the company said that it would propose to form a merger acquisition committee as per the need regarding merger and acquisition with one or more securities brokers.

Similarly, it has proposed to enter into an agreement with suitable securities brokers and appoint a recognized valuer to evaluate asset liabilities and transactions (DDA). The company has said in the meeting that it will authorize the board of directors to do all the necessary works related to mergers and acquisitions, including appointing auditors, fixing their remuneration, determining the share swap ratio, making the final agreement for merger and acquisition.

Similarly, the company has proposed to pay 48 percent dividend from the profit of the last fiscal year. It has proposed 33.33 percent bonus shares of the existing paid-up capital and 14.67 percent cash dividend along with tax on bosan shares. Shareholders will get this proposal after the company passes the next meeting. The meeting will present and approve the annual report of the Board of Directors for the fiscal year 2081/82 BS.