26 May 2003
ROLL-OVER LOANS TO BEC-TERO ENTERTAINMENT PLC.
May 26, 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 of Baht 12.5 million
which is due for repayment on 26 May 2003 respectively, 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 subsidiary which
the company's holding is not exceeding 90% of the paid-up capital of
the subsidiary.
Report date: May 26, 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]
Related: 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: May 26,2003
4.Amount of money: Baht 12.5 million
5.Characteristic of transaction: The transaction is the roll-over of an
existing loan for 6 months. The interest
rate is fixed at 2.75% per annum, at a
higher rate than the banks' deposit rate
on the transaction date.