20 December 2001
LOAN TO SUBSIDIARY WHICH THE COMPANY HOLDS NOT EXCEEDING 90%
December 19, 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
17.0 million and Baht 12.1 million which are due for repayment on 19
and 20 December 2001 respectively, for another year at an interest rate
of 4.0% 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: December 19, 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 and Amount of money:
1.) December 19, 2001 Baht 17.0 million
2.) December 20, 2001 Baht 12.1 million
4. Characteristic of transaction: The transaction is the roll-over of
an existing loan for another year. The interest
rate is fixed at 4.0% per annum, at a higher
rate than the banks' deposit rate on the
transaction date.