Balda raises $318 million from sale of TPK shares

J.P. Morgan bought the shares at a 2.9% discount and offloaded them to a small group of investors on Friday evening through a semi-private transaction.

Balda raises $318 million from sale of TPK shares
TPK invented the touchscreen technology used in iPads and iPhones

A block of shares in TPK Holding changed hands on Friday evening when German plastics component maker Balda returned to the market to offload just over half its remaining stake in the Taiwanese company that is the main supplier of touch screens to Apple. The bought deal amounted to NT$9.44 billion $318 million and accounted for 8.5% of the share capital.

Balda tried to sell a smaller portion of its shareholding in September last...

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