23 April 2002
GIVE NEW SHORT TERM LOAN TO TVB 3 NETWORK CO.,LTD.
April 22, 2002
To: President
Stock Exchange of Thailand
Re: Give new short term loan to TVB 3 Network Co.,Ltd.
As we reported 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 1.0 million which will be
due for repayment within a year from April 22, 2002 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: 22 April 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
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: April 22, 2002
4. Amount of money:Baht 1.0 million
5. Characteristic of transaction: The transaction is a new loan for a year.
The interest rate is fixed at 4.0% per
annum, at a higher rate than the banks'
deposit rate on the transaction date.