Electronics Production | December 12, 2007
Balda plans capital increase
German based EMS provider Balda, plans to increase capital by offering new shares to its investors.
Joachim Gut head at Balda said, "We will reduce our liabilities and we will gain flexibility for future growth." The company plans to increase its share capital by up to 14 % to approximately 54 million shares, Reuters reports. The bank syndicate for the share subscription includes Sal. Oppenheim and Landesbank Baden-Wuerttemberg, Balda said.