SET Announcements
24 October 1997
ACQUIRES MORE STAKES IN CELLOX PAPER
Berli Jucker Plc, on October 17, 1997, agreed to additionally
acquires 0.46% in Cellox Paper Co., Ltd. The registered capital of Cellox
is Baht 500,000,000.- divided into 50,000,000 shares at Baht 10 each.
After that BJC's holding ownership posted 67.21% or 33,606,805 shares.
Sellers : The former shareholders:
1. On 15.10.97, Intacon Co., Ltd., = 192,500 shares at Baht 15.-
each, totalling to Baht 2,887,500.-.
2. On 17.10.97, Dr.Pibul Laohathai, = 35,000 shares at Baht 15.-
each, totalling to Baht 525,000.-.
Relationship: None
Source of fund: Working capital
Objection: Long-term yield
Benefit: Dividend
Line-up of share acquisition in Cellox in 6 months:
Date No. of shares Price Total value
(Baht) (Baht)
1. 25.08.97 1,000,000 15 15,000,000.-
2. 03.09.97 1,346,667 15 20,200,005.-
3. 26.09.97 3,422,222 15 51,333,330.-
4. 13.10.97 298,667 15 4,480,005.-
5. 15.10.97 192,500 15 2,887,500.-
6. 17.10.97 35,000 15 525,000.-
6,295,056 94,425,840.-
Transaction size:
- 0.79% (based on value of acquired asset/total assets of BJC)
- 11.66% (based on net profit of Cellox/BJC)
- 1.76% (based on number of total shares multiplied with price
of one unit/BJC's shareholders equity)
This was not classified as procedures, rules and disposition
/acquisition of listed company's asset nor connected transaction.



