SET Announcements
09 March 1999
CQUIRES ITS STAKE IN TSS
BJC ACQUIRES ITS STAKE IN TSS
Berli Jucker Public Company Limited (BJC) agreed to subscribe in full to a 34.13%,
capital increase by way of a new issue of shares in Thai-Scandic Steel Co., Ltd. (TSS).
TSS is BJC's subsidiary in the business of producing galvanized steel structures. The
details of the transaction are as follows:
TSS's registered and paid-up
Capital -before capital increase: Bt386,000,000.- divided into 2,560,000 ordinary
shares and 1,300,000 preference shares of Bt100
each
-capital increase: Bt200,000,000.- divided into 2,000,000 ordinary
shares of Bt100 each
-after capital increase: Bt586,000,000.- divided into 4,560,000 ordinary
shares and 1,300,000 preference shares of Bt100
each
BJC's shareholding in TSS
after capital increase: 2,000,000 shares equivalent to 34.13% of registered
capital
Method of Acquisition: Subscription of all 2,000,000 new ordinary shares at
the price of Bt100 per share, totaling Bt200,000,000.-
The parties involved: BJC holds 99.7% in Rubia Industries Ltd. (RIL)
RIL holds 95% in Marble & Stones Co., Ltd. (M&S)
M&S holds 100% of ordinary shares and
100% of preference shares in TSS
Source of fund: Working capital
Object: Long-term yield
Benefit: Dividend
Transaction size:
1. 1.38% (based on value of acquired asset/total assets of BJC)
2. - %* (based on net profit of TSS x percent of the additional acquisition/net
profit of BJC)
(*No data for calculation due to loss in TSS)
3. 0.085% (based on number of total shares - (Trademark + Deferred organization
cost) x percent of the additional acquisition/BJC's shareholders equity -
(Trademark + Deferred organization cost))
This is not classified according to the procedures, rules as a disposition/acquisition
of listed company's asset or connected transaction.



