Berli Jucker Plc (BJC) confirmed and clarified a published report as regards its US$40 million syndicated loans it had obtained from a group of financial institutions led by Citycorp Investment (Sigapore) Ltd. It also clarified that the statement made by its managing director on a US$20 million profit was only an estimate. BJC said that out of its US$40 million syndicated loans, a total of US$25 million will be used to repay loans from Credit Lyonnais Singapore which is due on February 22, 1995. A total of Bt235 million or about US$9.5 million will be used to repay loans from local financial institutes, which was used to purchase capital increase shares of Thai Glass Industry Plc, said BJC. BJC addded that the remaining fund from the loans will be used as the company's working capital. BJC further clarified on the statements made by its managing director that the company earned profits of about US$20 million or approximately Bt500 million. The company said that the statements was made on February 6, 1995 to foreign financial institutes who gave loans to the company and that the figures are only estimates drawn from the company's tendency to make profits. Translated by the Nation