27 December 2002
ROLL-OVER LOANS TO BEC-TERO ENTERTAINMENT CO.,LTD.
December 27, 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 to BEC-TERO of Baht 10.0 million
which is due for repayment on 28 December 2002, for another year at an
interest rate of 3.5% 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: 27 December 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]
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%.
3. Transaction Date: 28 December 2002
4. Amount of money: Baht 10.0 million
5. Characteristic of transaction: The transactions are the roll-over of the
existing loan for another year.The interest
rates are fixed at 3.5% per annum, at a
higher rate than the banks' deposit rate
on the transaction date.