Balda Aktiengesellschaft

EANS-Adhoc: Balda AG reduces stake in TPK

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.

Company Information


Balda AG reduces stake in TPK

Balda AG sells up to 18.75 percent of its shareholding in touch screen producer TPK

Bad Oeynhausen, 16 November 2009 - Balda AG, listed in the Prime Standard Segment of the German Stock Exchange, sells a portion of its holding in touch screen producer TPK Holding Co. Ltd. with production facilities in Xiamen, China, representing up to 18.75 percent of the outstanding shares in TPK to a group of Asian institutional investors. With this transaction Balda is completely reducing its total bank debt in the framework of its ongoing financial restructuring. Upon completion, Balda will continue to hold at least 19.25 per cent of TPK. The parties involved have agreed to keep the purchase price confidential. This transaction is still subject to approval of the Taiwanese authorities.

Until 30 September 2008 TPK was a joint venture between Balda interim holding Balda Investment Singapore (BIS) and Max Gain Management Ltd. In the last quarter of 2008 Balda sold a 12 percent stake in TPK. Since then TPK is consolidated as a financial holding.

end of announcement                               euro adhoc

Further inquiry note:

Clas Röhl
Tel.: +49 (0) 5734 922-2728

Branche: Construction & Property
ISIN: DE0005215107
WKN: 521510
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Original-Content von: Balda Aktiengesellschaft, übermittelt durch news aktuell

Weitere Meldungen: Balda Aktiengesellschaft

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