21 February 2003
ROLL-OVER LOANS TO BEC-TERO ENTERTAINMENT CO.,LTD.
February 21, 2003
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 3.0 million which
is due for repayment on 22 February 2003, for 6 months 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: 21 February 2003
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: 22 February 2003
4. Amount of money: Baht 3.0 million
5. Characteristic of transaction: The transactions are the roll-over of the
existing loan for 6 months. The interest
rates are fixed at 3.5% per annum, at a
higher rate than the banks' deposit rate
on the transaction date.