17 May 2002
ROLL-OVER LOANS TO BEC-TERO ENTERTAINMENT CO.,LTD.
May 16, 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 loans of Baht 10.0 million
and Baht 10.0 million which are due for repayment on 17 and 18 May
2002 respectively, 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: May 16, 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.) May 17, 2002 Baht 10.0 million
2.) May 18, 2002 Baht 10.0 million
4.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.