14 February 2002
LOAN TO SUBSIDIARY WHICH THE COMPANY HOLD NOT EXCEEDING 90%
February 14, 2002
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 5.0 million which are due for repayment on February 14, 2002
for another year and grant a new loan of Baht 5.0 million which will
be due for repayment a year from February 15, 2002. Interest rate of
both transactions are fixed at 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: February 14, 2002
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.) February 14, 2002 Baht 5.0 million
2.) February 15, 2002 Baht 5.0 million
4. Characteristic of transaction: The transactions are the roll-over of
an existing loan for another year and
a new loan for a year. The interest
rate are fixed at 4.0% per annum, at
a higher rate than the banks' deposit
rate on the transaction date.