18 September 2001
LOAN TO SUBSIDIARY WHICH THE COMPANY HOLDS NOT EXCEEDING90ะ
September 18, 2001
To: President
Stock Exchange of Thailand
Re: Loan to subsidiary which the company's holding is not
exceeding 90% of the paid -up capital of the subsidiary.
Referring to: Our previous letter on the same caption dated
July 30, 2001.
As we reported by the said referred letter, the short-term
loans granted by the company to TVB 3 Network Co.,Ltd. [TVB 3] our
subsidiary which the company's holding is not exceeding 90% of the
paid-up capital of the subsidiary and the minority shareholder is
not a connected person. Today we have agreed to give a new loan of
Baht 500,000 which will be due for repayment within a year from
September 18, 2001 at an interest rate of 4.50% per annum. Details
of the transaction are as per the enclosed disclosure form.
Please be informed accordingly.
Sincerely Yours,
(Chatchai Thiamtong)
Vice President - Finance
Information of transactions between company and its subsidiary
which the company's holding is not exceeding 90% of the paid-up
capital of the subsidiary.
Report date: 18 September 2001
1. Type of transaction:Short term loans to subsidiary which the
company's holding is not exceeding 90% of
the paid-up capital of the subsidiary.
2. Parties: Between BEC World Plc. (lender) [BEC] and
TVB 3 Network Co.,Ltd.(borrower) [TVB 3]
Relationship: BEC has effectively 60% interest in TVB 3,
through its 100% subsidiary BEC-International
Distribution Co.,Ltd. The other 40% is held
by TVB Oversea Co., Ltd. [TVB] a company in
Television Broadcasts Limited (Hong Kong)
Group. TVB is not a connected person.
3. Transaction Date: September 18, 2001
4. Amount of money: Baht 500,000
5. Characteristic of transaction: The transaction is a new loan for
a year. The interest rate is fixed
at 4.50% per annum, at a higher rate
than the banks' deposit rate on the
transaction date.