Dr. Karl Walter Braun of Swiss nationality, has purchased 12,030,000 shares (7.58%) in ISDN Holdings Ltd. ("ISDN") from Dr. Hans Rudolf Stutz, who ceases to be a substantial shareholder.
Dr. Karl Walter Braun is the sole owner of Interelectric AG (Switzerland), which is the holding company of Maxon Motor AG.
Interelectric AG is already a shareholder of ISDN with direct interest of 3,970,000 shares or 2.5% of the total share capital of ISDN. After the share purchase, Dr. Braun will be a substantial shareholder of ISDN with the direct interest of 12,030,000 shares (7.58%) in the Company; and his overall deemed interest is 16,000,000 shares (10.08%).
Maxon Motor AG is the world's leading supplier of high-precision drive systems. In the last 40 years, Maxon, headquartered in Sachseln, Switzerland, has established numerous subsidiaries in more than 30 countries around the globe.
Maxon Motors AG has been a key partner of ISDN since 1995. The cooperation stretches from exclusive distribution agreements for high-tech products to joint-ventures in China.
ISDN is a mechatronics engineering company providing integrated motion control and industrial computing solutions to the Medical, Robotics, Factory Automation, Oil & Gas, Water Treatment, Manufacturing, Hard Disk Drive and Semiconductor Industries. Established in 1987, the company has developed a strong knowledge base of technology and its applications. It also has an established track record of experience and expertise in designing effective and timely engineering solutions to meet diversified customers needs. Today, ISDN has built a strong customer base of more than 2,000 customers, from both the MNCs and SMEs, spreading across Asia. In China alone, ISDN has a network of 28 sales and customer support centres.
ISDN is listed on the main board of Singapore Exchange since November 2005. It posted a turnover of S$54.9 million and an after tax profit of S$5.8 million for the fiscal year ended 31 December 2005. ISDN is headquartered in Singapore and employs over 250 people worldwide.
Mr. Teo Cher Koon, President of ISDN, says: "We are happy that our long-established and highly successful cooperation with the global leader in this industry is now also manifested in a substantial shareholding of Dr. Braun in ISDN. Asia is a major area of growth for Maxon, and we are happy to be Maxon's key partner for Asia."
© 2006 Der Spekulant
