SET Releases

Thanulux Plc (TNL) reported that its board of directors group no.22 has resolved at the meeting no.7, held on September 12, 1996 to invest in Puning Xie Zhong Garment Co.,Ltd., in Chain. The details of the investment are as follows: Name of the new company : PUNING XIE ZHONG GARMENT COMPANY LIMITED Location : 5, West Zone, Yee Chern Industrial Zone, Moung Powleng, China Business type : To produce and distribute garments for export in China Registered capital : US$1,500,000 equally to Bt37,500,000 Investmen Porpotion and Joint Investors : 1. Poo Lieng Lew Sa Jen Jiang Jee Kwa San Co.,Ltd. 6.67% 2. Saha Pathanapibul Plc 8.00% 3. I.C.C International Plc 8.00% 4. Thai Wacoal Plc 8.00% 5. Bangkok Rubber Plc 8.00% 6. Unifab Equipment Co.,Ltd. 8.00% 7. International Laboratory Co.,Ltd. 8.00% 8. Saha Pattana Holding Plc 12.00% 9. Thanulux Plc 33.33% Total investment 100% Investment Objective : To produce and distribute garments in China and foreign countries Expected benefits: Dividends Sourc of funds: Loan from financial institutions and the company's working capital