SET Releases

Thanulux Plc. (TNL) reported the uses of proceeds from an offering of 6 million newly issued shares at Bt10 par per share to existing shareholders as a rights issue at the price of Bt10 each during 24-30 May 1996 as follows: 1. To invest in the building and machines of a BoI (Board of Investment) promoted project at Lampun as to expand the production base of leather goods. The project is worth Bt44,000,000 and is being implemented with total funds used amounting to Bt2,652,000. 2. To invest in a "HANGER SYSTEM" to improve the production efficiency of the pants factory. The project is worth Bt5,000,000 and is currently being implemented. 3. To invest in Kunming Shenjian Fashion Dress in China. The project is worth Bt11,000,000. No payment has been made for the shares yet.