08:55     B.A.L. HOLD<08079> - Share Consolidation                            

    Market participants are requested to note that the ordinary shares        
    of HKD0.01 each ("Old Shares") in the capital of B.A.L. Holdings          
    Limited will be consolidated into ordinary shares of HKD0.10 each         
    ("New Shares") on the basis of 10 into 1 subject to its shareholders'     
    approval at the Annual General Meeting to be held on 29/04/2005.          
    Upon the proposals becoming effective, a temporary counter under stock    
    code 8400 and stock short name "B.A.L. HOLD" will be established for      
    trading in board lots of 2,000 New Shares each to replace the present     
    counter (stock code: 8079) for trading in board lots of 20,000 Old        
    Shares each effective from Tuesday, 03/05/2005.