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Balluun AG, Zürich                                            

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Zürich October 21st 2019

Capital increase successfully completed.

Balluun AG has successfully completed its capital increase. A total of CHF 4 million was generated.

In order to expand its digital shops (B2C Saigara) in the future, Balluun is pursuing a targeted development strategy. The capital increase of Balluun AG approved during the last annual meeting on the August 7 th 2019 was successfully completed: A total of CHF 4 million was generated. The result is a clear sign of confidence in the repositioning and strategy of the Company.

Following the restructuring, Balluun AG's balance sheet is now debt-free, the company will be released from the debt rescheduling soon after the end of October 2019 and can look positively into the future.

Chairman of the Board Walter Knabenhans confirms: "We have been working on the restructuring of the Balluun Group since May and would like to thank all our shareholders for their commitment and support: together we have acted entrepreneurially and eventually successfully restructured the company. »

Dr. Roger R. Müller, CEO of the Group, adds: "Balluun AG has been restructured and is well on its way, now we are working at full speed to expand our CE-certified product portfolio, to expand our e-shops and to significantly strengthen marketing and sales promotion on digital channels. "

 

Contact:

Roger R. Müller

rogerm@balluun.com

www.balluungroup.com