PEAK INTERNATIONAL LTD
8-K, 1998-11-27
PLASTICS PRODUCTS, NEC
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                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C.  20549

                                   FORM 8-K

                                CURRENT REPORT

                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported):  November 18, 1998


                          PEAK INTERNATIONAL LIMITED
                          --------------------------
            (Exact name of registrant as specified in its charter)

<TABLE> 
<CAPTION> 
<S>                                                      <C>                            <C> 
                      Bermuda                                    0-29332                         Not Applicable
   ----------------------------------------------        ------------------------        --------------------------------
   (State or other jurisdiction of incorporation)        (Commission File Number)        (IRS Employer Identification No.)
 
 
Units 3, 4, 5 and 7,  37th Floor, Wharf Cable Tower, 9 Hoi Shing Road,                        
                    Tsuen Wan N.T., Hong Kong                                                           NA
- ----------------------------------------------------------------------                              ----------
             (Address of principal executive offices)                                               (Zip Code)
</TABLE>



                                (852) 2402-5100
                                ---------------
             (Registrant's telephone number, including area code)

                                   No Change
                                   ---------
         (Former name or former address, if changed since last report)



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Item 5.   Other Events.

          On November 18, 1998, Peak International Limited, a Bermuda
corporation, (Peak), announced that it had received a non-binding indication of
interest from a U.S. company that contemplates a possible acquisition of Peak at
a price range somewhat above then current market levels.

Item 7.   Financial Statements and Exhibits.

          Peak files the following exhibit as part of this Current Report:

          Exhibit 99.   Copy of the Press Release, dated November 18, 1998,
                        issued by the Peak, publicly announcing the activities
                        reported therein.


          Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                         PEAK INTERNATIONAL LIMITED

Date: November 25, 1998                  By: /s/ Jerry Mo
                                             -----------------------
                                             Jerry Mo
                                             Chief Financial Officer




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                                                                      EXHIBIT 99


PEAK INTERNATIONAL LIMITED ANNOUNCES ACQUISITION INTEREST BUSINESS EDITORS

[Business Wire - Rcvd: Nov 18, 12:26 PM EST]

BW0198 NOV 18, 1998 9:26 PACIFIC 12:26 EASTERN

(BW)(PEAK-INTERNATIONAL)(PEAKF)(PTT) Peak International Limited
Announces Acquisition Interest

Business Editors

HONG KONG and AUSTIN, Texas--(BUSINESS WIRE)--Nov. 18, 1998--Peak International
Limited (Nasdaq:PEAKF)(AMEX:PTT)("the Company") reported today that it has
received a non-binding indication of interest from another U.S.-based company
that contemplates a possible acquisition of the company at a price range
somewhat above current market levels.

The board has not met to consider this indication of interest, and the company 
has not determined whether any exploration of the company's strategic 
alternatives is appropriate at this time.

Company Description

Peak International Limited (Nasdaq:PEAKF)(AMEX:PTT) is a leading supplier of 
precision engineered packaging products for the storage, transportation, and 
automated handling of semiconductor devices and electronic components.

CONTACT: Peak International Limited, Austin
         Richard Brook, 512/339-1257
         [email protected]



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