Asian Life Insurance Company Limited has published a notice informing shareholders of the companyR17;s decision to change its share structure from 70:30 to 60:40 in the future.
The companyR17;s 12th Annual General Meeting approved the conversion of a portion of the promoter shares into ordinary shares, resulting in a reduction of the shareholding ratio from 70:30 to 60:40.
In the event that promoters do not wish to convert their shares, they can send a written declaration to the companyR17;s central office in Maitidevi, Kathmandu, within seven days following the publication of this notice.
If the declaration letter is not received within the term specified, the shares will be automatically converted into cash.
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