21 November 2001
LOAN TO SUBSIDIARY WHICH THE COMPANY HOLDS NOT EXCEEDING 90%
November 20, 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 dated July 30, 2001.
As we reported by the said referred letter, the short-term
loans granted by the company to BEC - TERO Entertainment Co., Ltd.
[BEC-TERO] 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 roll-over loans of
Baht 7.25 million which are due for repayment on November 20, 2001 for
another year at an interest rate of 4.25% 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: November 20, 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
BEC-TERO Entertainment Co.,Ltd.(borrower)[BEC-TERO]
Related: BEC-TERO is a subsidiary of BEC, which BEC
holds 60% of BEC-TERO and Mr.Brian Lindsay Marcar
who is not a connected person holds 40%.
3. Transaction Date: November 20, 2001
4. Amount of money: Baht 7.25 million
5. Characteristic of transaction: The transaction is the roll-over
of an existing loan for another
year. The interest rate is fixed
at 4.25% per annum, at a higher
rate than the banks' deposit rate
on the transaction date.