Berli Jucker Plc. (BJC) released that it has on June 2, 1997 signed an agreement to buy shares in Berli Prospack Co., Ltd. (formerly known as Inchcape Industries Co., Ltd.), which is a producer of plastic products and parts. BJC will invest a total of Bt98,000,280 in 50% of the Bt140- million paid-up capital which is split into 1.4 million shares of Bt100 par each. The details are as below: 1. - An number of 350,001 shares will be bought from an existing shareholder, Prospack Industries Co., Ltd., at the price of Bt160 per share, worth Bt56,000,160 totally. - An amount of 350,001 share will be bought in a right issue at the price of Bt120 a share, Bt42,000,120 totally. - The investment is worth Bt98,000,280 totally. 2. Buyer-seller relationship: None 3. Source of fund: Working capital 4. Investment objective: Long-term investment 5. Benefits expected: Dividend, source of plastic packaging for affiliated companies 6. Connected transaction: The transaction size is below the level requiring shareholders' approval, according to SET's announcement concerning the critteria, methods, and disclosures of listed company's connected transactions. Comment: Please verify details in R-SIMS. Translated by The Nation