02 September 2002
ROLL-OVER LOANS TO BEC-TERO AND TVB 3
August 30, 2002
To: President
Stock Exchange of Thailand
Re: Roll-over loans to BEC - TERO Entertainment Co., Ltd. [BEC-TERO]
and TVB 3 Network Co.,Ltd. [TVB 3]
As we reported the short-term loans granted by the company to BEC - TERO
Entertainment Co.,Ltd.[BEC-TERO] and TVB 3 Network Co.,Ltd.[TVB 3] our subsidiaries
which the company's holding is not exceeding 90% of the paid-up capital of the
subsidiaries and the minority shareholder is not a connected person. Today we have
agreed to roll-over loans to BEC-TERO of Baht 11.6 million and Baht 3.4 million
which are due for repayment on 30 and 31 August 2002 respectively, for another
year at an interest rate of 3.75% per annum and roll-over loans to TVB 3 of Baht
0.5 million which is due for repayment on 31 August 2002, for another year a
t 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 subsidiaries which the company's
holding is not exceeding 90% of the paid-up capital of the subsidiaries.
Report date: 30 August 2002
1. Type of transaction: Short term loans to subsidiaries which the company's
holding is not exceeding 90% of the paid-up capital
of the subsidiaries.
2. Parties:
2.1 Between BEC World Plc. (lender) [BEC] and
BEC-TERO Entertainment Co.,Ltd.(borrower) [BEC-TERO]
Relation: 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%.
2.2 Between BEC World Plc. (lender) [BEC] and
TVB 3 Network Co.,Ltd.(borrower) [TVB 3]
Relation: 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 and Amount of money:
1.) 30 August 2002 Baht 11.6 million [BEC-TERO]
2.) 31 August 2002 Baht 3.4 million [BEC-TERO]
3.) 31 August 2002 Baht 0.5 million [TVB 3]
4. Characteristic of transaction: The transactions are the roll-over of the existing
loan for another year. The interest rates are fixed
at 3.75% per annum for BEC-TERO and 4.0% per annum
for TVB 3, at a higher rate than the banks' deposit
rate on the transaction date.