Hitchcock’s meeting

KATHMANDU: Barry Hitchcock, Asian Development Bank (ADB) country director paid a courtesy call on Subas Nembang, Constituent Assembly chairman at the latter’s office on Tuesday. During the meeting they discussed on ADB’s support to the CA and hydropower development, water and education sector among all. — HNS

Kist’s new branches

KATHMANDU: Kist Merchant Banking and Finance on Monday opened operations at its 14th and 15th branch offices at Damak and Birtamod, respectively. According to a press statement, the bank is in the process of upgrading itself to an A-grade commercial bank. — HNS

AFC to give bonus

KATHMANDU: Annapurna Finance Company’s (AFC) 15th AGM approved 30 per cent bonus and 1:1.6 rights share. The company has a total paid up capital of Rs 201.6 million and till date it has collected Rs 1.96 billion deposit, said a press note. — HNS

ILFC decision

KATHMANDU: During its 13th AGM, International Leasing and Finance Company (ILFC) approved 1:2.1 rights shares to its shareholders. After issuance of rights shares, its paid up capital will be Rs 2.88 billion. At present, it has Rs 648 million paid up capital, said a press release. In the fiscal year 2007-08, the company had posted an operating profit of Rs 43 million - an increment by 24 per cent over the last fiscal year. — HNS

Nokia’s offer winner

KATHMANDU: Neoteric Nepal and Paramount Electronics — authorised distributors in Nepal of Nokia and the worldwide leader in mobile communications — has announced the winners of the first lucky draw of its consumer offer ‘Nokia Double Offer. Holders of coupon nos. 110753, 122919, 100280, 108319, 100143 and 158598 got Nokia N70 mobile phones each. The offer entitles a customer to a scratch card on every purchase of any Nokia model — with an instant cash prize — which also automatically entitles to a lucky draw where one can win a Nokia N Series phone or a Maruti car. — HNS