BAD OEYNHAUSEN, Germany, November 17 /PRNewswire/ -- 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.
Further inquiry note: Clas Rohl Tel.: +49(0)5734-922-2728 email@example.com issuer: Balda AG Bergkirchener Str. 228 D-32549 Bad Oeynhausen phone: +49(0)5734-9-22-0 FAX: +49(0)5734-922-2747 mail: firstname.lastname@example.org WWW: http://www.balda.de sector: Construction Property ISIN: DE0005215107 indexes: CDAX, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Dusseldorf, Munchen
SOURCE: Balda AG
CONTACT: Further inquiry note: Clas Rohl, Tel.: +49(0)5734-922-2728,email@example.com ; issuer: Balda AG, Bergkirchener Str. 228, D-32549 BadOeynhausen, phone: +49(0)5734-9-22-0, FAX: +49(0)5734-922-2747, mail:firstname.lastname@example.org .