IME Life New

Singati Hydro to issue 100% right shares to repay loan

SPIL
Global College
Nepal Life New

Kathmandu. KATHMANDU: Singati Hydro Energy Limited is issuing right shares in the ratio of 1:1 of its current paid-up capital.

The board of directors of the company has decided to issue 100% right shares of its paid-up capital. The meeting also decided to repay the company’s debt from the amount collected from the right shares.

Crest

The decision will be submitted to the next general meeting for approval, the company said.

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