Balda AG

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 16.11.2009 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 -------------------------------------------------------------------------------- ots Originaltext: Balda AG Im Internet recherchierbar: 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

Das könnte Sie auch interessieren: