SET Announcements
06 July 2000
ANNOUNCES THE DISPOSAL OF SHAREHOLDING IN BERLI PROSPACK
BERLI JUCKER PUBLIC COMPANY LIMITED
ANNOUNCES THE DISPOSAL OF SHAREHOLDING IN BERLI PROSPACK CO., LTD.
Berli Jucker Public Company Limited would like to announce the disposal of shareholding in
Berli Prospack Company Limited as follows:
1. The date on which the transaction occurred : 4 July 2000
2. The parties involved:
Name Relationship with the company
Buyer: P.T. Dynaplast -
Dynaplast Tower, 9th Floor,
1 M.H. Thamrin Boulevard,
Lippo Karawaci 1100, Karawaci,
Tangerang 15811, Indonesia
Seller: Berli Jucker Public Company Limited -
99 Soi Rubia, Sukhumvit 42 Road
Bangkok, Thailand
3. The general characteristics of the transaction : Disposal of assets
4. The details of assets involved:
Securities
-The company name :Berli Prospack Company Limited
-The nature of business :Manufacturer of rigid plastic containers
-Registered and Paid-up Capital :Baht170,000,000 million divided into 1,700,000
shares at Baht100 each
-Number of securities disposed of :208,073 shares
-Selling price per share :Baht64.00
-Proportion of securities holding before :50.00%
-Proportion of securities holding after :37.76%
5. The total value of the consideration :Baht13,316,672.00
6. The value of the assets disposed of :Baht12,172,270.50
7. The basis used to determine the value of :The value of the transaction was determined on
Consideration basis of the company's book value as of 31
December 1999 through negotiations between both
parties based on economic conditions and existing
business status.
2/
8. The reason for the disposal of the assets :This is just part of a plan to increase the
capital of Berli Prospack. Berli Jucker will
sell some of its existing shares in Berli Prospack
to P.T. Dynaplast,the largest rigid plastic
container manufacturer in Indonesia. Soon after,
all parties will subscribe to new shares in Berli
Prospack to increase its capital. Berli Prospack
will use these funds to invest in additional
machinery and equipment and reduce its debts.
The experience, knowledge and technical know-how
in rigid plastic packaging of P.T. Dynaplast could
help Berli Prospack to become the best rigid
plastic packaging company in Thailand in the future.
9. The proposed utilization of the proceeds received:To reinvest in Berli Prospack and participate in its
planned capital increase.
10.The volume of the transaction is equal to:
-1.30% : Based on the net asset value of Berli Prospack/net assets of BJC Group
-(7.71%): Based on the net loss of Berli Prospack/net profit of BJC Group
-1.30% : Based on the value of the consideration/net assets of BJC Group
This is not classified as any transaction class under the SET's notification concerning Rules,
Procedures and Disclosure of Acquisition and Disposition of Assets of a Listed Company.
David John Nicol
President



