25 November 2002
ROLL-OVER LOANS TO TVB3 NETWORK CO.,LTD.
November 25, 2002
To: President
Stock Exchange of Thailand
Re: Roll-over loans to TVB 3 Network Co.,Ltd. [TVB 3]
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 roll-over loans to TVB 3 of Baht 1.9 million which is due
for repayment on 23 November 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 subsidiaries which
the company's holding is not exceeding 90% of the paid-up capital of
the subsidiaries.
Report date: November 25, 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]
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: November 23, 2002
4. Amount of money: Baht 1.9 million
5. Characteristic of transaction: The transaction is the roll-over of the 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.