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    Nepal Stock ExchangeNEPSE NewsAsian Life Insurance Company Changing the Shareholding Ratio by Converting Promoter Shares

    Asian Life Insurance Company Changing the Shareholding Ratio by Converting Promoter Shares

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    Asian Life Company Limited has published a notice informing shareholders of the companyR7;s decision to change its share structure from 70:30 to 60:40 in the future.

    The companyR7;s 12th General Meeting approved the conversion of a portion of the promoter shares into ordinary shares, resulting in a of the shareholding ratio from 70:30 to 60:40.

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    In the event that promoters do not wish to convert their shares, they can send a written declaration to the companyR7;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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