Asian Life is going to Change The Share Ownership of Founders and General Public

Kathmandu : Asian Life Insurance Company is going to change the share ownership of the founder and the general public. The company published a notice on 8th November, 2023 A.D and said that it is going to convert 9 percent of the founder’s shares into ordinary shares.

The company has said that it is going to change the founder shares to modify the share ownership of the general public. At present, the founder group owns 60 percent of the company and the general public owns 40 percent of the shares. By revising it, the company has said that now the founder group will maintain 51 percent share ownership and 49 percent share ownership of the general public.

Similarly, the company has requested the shareholders to submit written information within 7 days if they do not wish to change the founder shares to ordinary shares.

In addition, it is mentioned in the notification that if information is not received regarding whether or not to change the shares within the specified time period, the shares will be changed to the common group in the ratio specified in accordance with the prevailing law.