Balda AG

EANS-Adhoc: Balda AG reduces stake in TPK

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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.

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ots Originaltext: Balda AG
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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

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