28 March 2003
ROLL-OVER LOANS TO BEC-TERO ENTERTAINMENT PLC.
March 28, 2003
To: President
Stock Exchange of Thailand
Re: Roll-over loans to BEC - TERO Entertainment Plc. [BEC-TERO]
As we reported the short-term loans granted by the company
to BEC - TERO Entertainment Plc. [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 2.2 million
which is due for repayment on 29 March 2003, for 6 months at an interest
rate of 2.75% 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: 28 March 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 Plc.(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: 29 March 2003
4. Amount of money: Baht 2.2 million
5. Characteristic of transaction: The transactions are the roll-over of
the existing loan for 6 months. The
interest rates are fixed at 2.75% per
annum, at a higher rate than the banks'
deposit rate on the transaction date.