euro adhoc: PANDATEL AG
Operational business discontinued and Singapore subsidiary plan to be closed

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Company Information


Hanover, January 2, 2008. Pandatel AG (ISIN DE0006916307  -  General Standard).

Toward the turn of the year 2007/2008, all employees have gradually resigned voluntarily and they have taken job offers from other local companies. The company had to discontinue its operational business due to lack of personnel. Only 2 employees still remain.

In addition, the Singapore subsidiary, Pandatel Asia Pacific, is in the  process of being closed. This measure does not affect any employees. Within  the restructuring measures of 2006 and 2007 the number of employees had  already been adjusted.

Arising expenses have been accounted for within liquidation costs.


PANDATEL is a German corporation based in Hanover. PANDATEL was formed in 1987 as Pan Dacom Telekommunikation GmbH. It went public at Frankfurt stock  exchange in November 1999. Majority shareholder is Dowslake Venture  Ltd.  (U.S.A.) with Dr. Dan D. Yang as CEO of both companies. More  Information on  the  website

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ots Originaltext: PANDATEL AG
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Further inquiry note:
Raik Packeiser
insignis, agency for communications
+49 (0) 511 33 65 16 30

Branche: Telecommunications Equipment
ISIN:      DE0006916307
WKN:        691630
Index:    Prime All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade
              Börse München / free trade

Weitere Meldungen: PANDATEL AG i.A.

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