Report on the Establishment of BJC Glass Vietnam Limited
2 April 2010
The President The Stock Exchange of Thailand Bangkok
Re: Report on the Establishment of BJC Glass Vietnam Limited
Berli Jucker Company Public Company Limited would like to inform that the Board of Directors of BJC Glass Company Limited in Hong Kong SAR held on 12 December 2009 passed the resolutions for approval the establishment of company in Vietnam namely BJC Glass Vietnam Limited ("the Company") with details as follows:
Date of Transaction: BJC Glass Vietnam was established on 19 March 2010 and will be capable to start operation in Vietnam on 2 April 2010
Name: BJC Glass Vietnam Limited
Nature of Business: To develop, construct, operate and manage a manufacturing operation in Vietnam to manufacture, market, and sell high quality glass containers and related products.
Capital Contribution: 52,740,000 US Dollars.
Ratio of Investment: 100% of capital contribution held by BJC Glass Company Limited (an indirect subsidiary established in Hong Kong SAR).
Source of Fund: Capital contributed by BJC Glass Company Limited.
Objective of Investment: Long-term investment to suit the Group's business plan.
Benefit: Dividend, efficiency and productiveness of businesses.
Transaction size: The afore-mentioned transaction size is lower than 15% which is not categorized as a transaction involving the acquisition & disposal of assets subject to information disclosure under the Notification of the Stock Exchange of Thailand Re:Information Disclosure and Procedures for Listed Companies'transaction Involving the Acquisition & Disposal of Assets B.E.2547.
Remark, BJC Glass Company Limited (BJC Glass HK), incorporated in Hong Kong SAR, is an indirect subsidiary of Berli Jucker Public Company Limited through BJC International Company Limited which wholly owns of 100 percent of its total registered shares. BJC Glass HK has registered capital at approximately Baht 45,000 or 10,000 Hong Kong Dollar which are divided into 10,000 ordinary shares at par value of 1 Hong Kong Dollar each. BJC Glass HK was established in order to invest and or hold shares in other legal entities in other countries and also for trading, import and export as well.
Please be informed accordingly.
Berli Jucker Public Company Limited