For the Purpose of Joint Integrated Transaction, Share Trading of CYC Laghubitta Bittiya Sanstha Limited To be Halted from Falgun 30

The final procedure for a merger between CYC Laghubitta Bittiya Sanstha Limited (CYCL) and Adhikhola Laghubitta Bittiya Sanstha Limited (AKBSL) has been recently completed. Hence, as per Section 9 (2) of the Merger and Acquisition Directive 2079, Act, the Nepal Stock Exchange (NEPSE) has issued a circular regarding the suspension of share transaction of the company in accordance with Section 9 (3) of the Directory 2079.

CYCL and AKBSL had signed a merger deal at a swap ratio of 100:70. As per the merger agreement, "CYC Laghubitta Bittiya Sanstha Limited" has been agreed upon as the name of the new company that will be formed as a result of the merger. The companies will start the joint business on Falgun 30.

The paid-up capital of CYCL at the present is Rs. 15.81 Crores. Meanwhile, the paid-up capital of AKBSL is Rs. 15.47 Crores. The total paid-up capital of the newly merged company will be Rs. 26.64 Crores.

CYCL and AKBSL also endorsed dividends of 31.58% and 31.58% respectively for the Fiscal Year 2078/79.