29 March 2002
ROLL-OVER LOANS TO BEC-TERO ENTERTAINMENT CO.,LTD.
March 29, 2002
To: President
Stock Exchange of Thailand
Re: Roll-over loans to BEC - TERO Entertainment Co., Ltd. [BEC-TERO]
As we reported 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 loan of Baht 2.2 million which is due
for repayment on 29 March 2002, for another year at an interest rate of
3.75% 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: March 29, 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: March 29, 2002
4. Amount of money: Baht 2.2 million
5. Characteristic of transaction: The transaction is the roll-over of an
existing loan for another year. The
interest rate is fixed at 3.75% per
annum, at a higher rate than the banks'
deposit rate on the transaction date.