27 June 2003
ROLL-OVER LOANS TO BEC-TERO ENTERTAINMENT PLC.
Date : 27/06/2003 13:18
BEC : ROLL-OVER LOANS TO BEC-TERO ENTERTAINMENT PLC.
June 27, 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 25.0 million and Baht
11.9 million which are due for repayment on 27 and 28 June 2003
respectively, for 6 months at an interest rate of 2.25% 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: June 27, 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 and amount of money :
1.) June 27, 2003 Baht 25.0 million
2.) June 28, 2003 Baht 11.9 million
4. Characteristic of transaction: The transaction is the roll-over of
an existing loan for 6 months. The
interest rate is fixed at 2.25% per
annum, at a higher rate than the banks'
deposit rate on the transaction date.