Balda AG / Key word(s): Miscellaneous
The Malaysian Finance Ministry has classified Balda Thong-Fook Solutions as
High-Technology-Company. The subsidiary of Balda AG is based on this
decision tax exempt for the following 10 years. The tax rate in Malaysia
nominally amounts to 28 per cent. In the fiscal year 2005 Balda paid
converted 1.3 Million Euros based on a pre-tax-profit of 4.9 Million
Euros. This corresponds to a real tax rate of 26.6 per cent.
Balda employs about 1,400 workers at the production site in Ipoh, with
560.000 inhabitants the third-biggest town of Malaysia. Main areas of the
production are housings for mobile phones as well as development and
production of complete Blue-tooth-headsets.
Balda AG announced on 20.01.2006 the acquisition of the remaining 50 per
cent of the shares in the Malaysian company.
Contact: Balda AG, Cersten Hellmich and Kathrin Wiederrich (Investor
Relations), Phone: (05734) 922-2706 or -2751, E-Mail: firstname.lastname@example.org or
email@example.com, web: www.balda.de
28.02.2006 Dissemination of a Corporate News, transmitted by DGAP –
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Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service