DGAP-Adhoc: Balda AG: Balda AG changes partner in Asia


Balda AG / Key word(s): Joint Venture

26.05.2006 10:13

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:

chellmich@balda.de, kwiederrich@balda.de, Internet: www.balda.de

26.05.2006 DGAP’s Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de


Language: English

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

E-mail: info@Balda.de

Internet: www.balda.de

ISIN: DE0005215107

WKN: 521510

Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr

in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service