15 August 2000
TO INFORM OUR BOARD'S RESOLUTIONS ON CHANGES BY SUBSIDIARIES
August 15, 2000
To: President
The Stock Exchange of Thailand
Re: To inform our Board's resolutions on changes to be incurred
by our subsidiaries.
This is to inform that the recent meeting of Company's Board of Directors
No. 4/2000 held on August 15, 2000 approved the following changes to be
incurred by the subsidiaries.
1. "Satellite Broadcasting System Co., Ltd.", a subsidiary that BEC World Plc.
holds 99.99% of its share capital, which planed to acquire a satellite TV
license but as situation was changed, and as there are other companies
within the group with similar objective, is now to start a new business as
an IT solution provider to the other companies within the group in order to
improve the overall efficiency of the group. Therefore the Board has approved
the following changes to be incurred by the subsidiary.
1.1 To change its name to " BEC IT Solution Co., Ltd." to reflect its new
business.
1.2 To increase its share capital by another Baht14 million to Baht15 million.
This additional capital will be taken from the existing working capital
of BEC World Plc.
2. "3 Media Co., Ltd.", a subsidiary that BEC World Plc. holds 99.99% of its
share capital, decided to quit its VDO wall business and is now to start
a new business as a service provider in an area of asset management to the
other companies within the group. Therefore the Board has approved 3 Media
Co., Ltd., to change its name to "BEC Asset Co., Ltd." to reflect its new
business.
Please be informed accordingly.
Sincerely Yours,
BEC World Public Company Limited
(Chatchai Thiamtong)
Vice President - Finance