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Wednesday, 13 October 2010


Singapore 13 October 2010 - Biosensors International Group, Ltd. (“Biosensors” or the “Company”, Bloomberg: BIG SP) today commented on a recent announcement from Hony Capital and Mr. Yoh-Chie Lu, Biosensors Chairman.

On October 10, 2010, Hony Capital, through its wholly owned special purpose vehicle, Autumn Eagle Limited, entered into Sale and Purchase Agreements to purchase a total of 319,311,200 shares of Biosensors common stock, representing 29.47% of Biosensors outstanding shares. Included in the shares purchased by Autumn Eagle is the 18.2% ownership stake of Biosensors’ current largest shareholder, Chairman Mr. Yoh-Chie Lu and his affiliates. Mr. Lu will continue in his current role as Biosensors’ Chairman of the Board. The shares will be sold at a price of $0.8888 per share, after taking into consideration the average price of the shares of Biosensors traded on the Singapore Stock

Exchange for the 45-day period prior to the date of Sale and Purchase Agreements.

Mr. Jeffrey B. Jump, President and CEO commented, “We believe that these recent events position Biosensors for a very exciting future. We retain the experience, vision and leadership of Yoh-Chie Lu, who will remain our Chairman, and we have gained a new partner who will be instrumental in our future growth and development, particularly in the Asian markets, including China.”

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