Deswell Industries (DSWL) Message Board

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Technology Stocks : Deswell Industries (DSWL)

DSWL 3.630

-0.8%

Nov 28 9:30 AM EST

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To: kolo55 who wrote (663)	4/16/1998 6:02:00 PM
From: David Seltzer	Read Replies (1) of 1418

Paul,I would assume that Deswell is classified as a foreign company since they are incorporated in the British Virgin Islands.However,some of their subsidiaries are incorporated in Hong Kong,China,Western Samoa and BVI. Quote from 20-F for the year ended 3/31/97:"The company believes it can continue to take advantage of the Chinese taxing system for years beyond the year ended March 31,1997 through reinvestment of the profits from its Chinese plastic manufacturing business.However,the Chinese tax system is subject to substantial uncertainties and was subject to significant changes enacted on 1/1/94,the interpretation and enforcement of which are still uncertain". Getting complicated. David

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