On the day, NEPSE adjusted the stock price of CEDB Hydropower at Rs 1,829.73 after adjusting 11 percent stock dividend. The last trading price of the stock was Rs 2,031 per unit.
The company is conducting its AGM on October 7 in Kalimati Banquet, Kalimati, Kathmandu at 10 am. The meeting will endorse a proposal of distributing 11 percent stock dividend to its shareholders and issuing 54.5 percent right shares after distributing bonus share. The meeting will also delegate authority to BOD to amend article and memorandum of association and appoint an auditor.
Similarly, NEPSE adjusted the stock price of Oriental Hotels (OHL) at Rs 980.95 after adjusting 5 percent stock dividend. The last trading price of the stock was Rs 1,030 per unit. The hotel is conducting its 27th AGM on October 6 in Nepal Administrative Staff College (NASC), Jawalakhel, Lalitpur at 11 am.
The meeting will approve a proposal of distributing 5 percent stock and 0.26316 percent cash dividend to its shareholders. Moreover, the meeting will approve proposals of amending article and memorandum of association, approve annual and financial reports of last FY and appoint an auditor.
