Balda raises $194 million from sale of TPK shares

German plastics component maker Balda has sold almost its entire remaining stake in TPK Holding through a “club-type” deal, raising a total of NT$5.8 billion ($194 million). The deal was driven by a reverse enquiry for the seller’s whole position and was launched and priced on Saturday Hong Kong time (June 30), allowing Balda to recognise the capital gain in the financial year that ended in June.