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.


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

issuer: Balda AG Bergkirchener Str. 228 D-32549 Bad Oeynhausen phone: +49 (0) 5734 9 22-0 FAX: +49 (0) 5734 922-2747 mail: info@balda.de 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, Düsseldorf, München
language: English

Rückfragen & Kontakt:

Clas Röhl
Tel.: +49 (0) 5734 922-2728