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Tinau to issue 4:1 rights shares

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KATHMANDU, Oct 5: The 9th annual general meeting of Tinau Development Bank Ltd held on Monday approved the proposal to distribute 18 percent stock dividend and 0.95 percent cash dividend (for tax purpose) to the bank's shareholders.



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Issuing a statement, the Butwal-based bank also said its AGM also decided to float 4:1 rights shares to its shareholders.

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