Balda AG / Key word(s): Joint Venture
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Bad Oeynhausen/Singapore – In the course of the enhancement of the
structures in Asia Balda AG changes the partner in the Asian Joint-Venture.
To reach this the company exercised its Call Option stipulated in the
Joint-Venture-Agreement and bought from the former partner Everskill his 25
per cent stake in Balda Investments Singapore (BIS). This company holds the
stakes in the production sites in China as well as in the factory in
Malaysia. As purchase price 20.5 million USD were agreed in accordance with
the initially fixed provisions. This amount calculates from the former
purchase price of 8.5 million Euros plus the not distributed dividends.
At the same time the CEO of the region Asia, Michael Chiang, declared his
readiness to acquire a minority interest in BIS. The exact stake and the
price are not yet finally agreed. Besides this potential stake in BIS
Michael Chiang is the owner of companies dealing with touch screen
Balda AG, Cersten Hellmich and Kathrin Wiederrich (Investor Relations),
Tel.: (05734)922-2706 / 2751, Fax: (05734) 922-2691, Email:
email@example.com, firstname.lastname@example.org, Internet: www.balda.de
26.05.2006 DGAP’s Distribution Services include Regulatory Announcements,
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Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service