BIZ BRIEFS

LG’s ‘Full Toss’ offer

KATHMANDU: LG Electronics has introduced a new offer LG Full Toss to mark the occasion of ICC Cricket World Cup 2007, which is going to be held in West Indies from March 13 to April 28. The offer is on LG Flat TV, and double door refrigerators. On purchase of each these products, customers will get a scratch coupon with sure shot prizes of LG wrist watches, mobiles, vacuum cleaners, microwave ovens, washing machines and instant cash prizes of a minimum of Rs 1,000. On purchase of LG single door refrigerator and conventional TV, customers will get a leather belt wristwatch as a gift. —HNS

NLIC’s bonus share

KATHMANDU: Nepal Life Insurance Company Ltd (NLIC) is to issue bonus shares of 20 per cent and distribute cash dividend of 1.05 per cent to its shareholders. The proposal was approved by the company’s seventh annual general meeting. The meeting also passed a proposal to raise the authorised capital of NLIC to one billion rupees and the paid up capital to Rs 500 million. Presenting the annual report, Purushottam Lal Shanghai, chairman of NLIC, said the company sold more than 100,000 life insurance premiums. —HNS