SET Announcements
25 November 1997
ACQUIRES MORE STAKES IN CELLOX
Berli Jucker Plc on 19th November, 1997, agreed to additionally
acquires 0.60% 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 72.35% or 36,172,500 shares.
Seller: The former shareholders:
- Miss Nutha Panapornsirikul, 100,000 shares at Baht 15.- each,
totalling to Baht 1,500,000.-,
- Mr. Chotithep Panapornsirikul, 100,000 shares at Baht 15.-
each, totalling to Baht 1,500,000.-,
- Miss Saeng-aroon Wati, 100,000 shares at Baht 15.- each,
totalling to Baht 1,500,000.-,
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.-
7. 29.10.97 2,265,695 15 33,985,425.-
8. 19.11.97 300,000 15 4,500,000.-
8,860,751 132,911,265.-
Transaction size:
- 1.09% (based on value of acquired asset/total assets of BJC)
- 13.55% (based on net profit of Cellox/BJC)
- 2.46% (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.



