Hanseatic & Baltic Properties plc
LSE : HBPO

January 05, 2011 02:00 ET

Statement re investment

HANSEATIC & BALTIC PROPERTIES PLC
INVESTMENT


Hanseatic & Baltic Properties Plc ("Hanseatic & Baltic" or "the Company") is pleased to announce that as  a
continuation of its strategy to take stakes in property companies in the Far East it has agreed to  acquire
45%  of  the issued share capital of Haeng Bok (Happy) DNC plc, a company incorporated in the South  Korea,
for  a  consideration of GBP 10,000 to be satisfied by the issue of 1,000,000 new Ordinary  Shares  of  the
Company at 1p per share.

The Company will now have 93,368,046 Ordinary shares of 0.001p each in issue.

The Directors of the Issuer accept responsibility for this announcement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Nigel Weller
Hanseatic & Baltic Properties PLC
Finsgate
5-7 Cranwood Street
London
EC1V 9EE

Tel:  +44 (0) 20 7309 2281
Fax: +44 (0) 20 7566 0023

Nick Michaels
Alfred Henry Corporate Finance Limited
Tel:  +44 (0) 20 7251 3762

Contact Information

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