27 January 1998
OUTLAY OF FUNDS DATED DEC 31, 97
BEC World Plc reported on progress on utilisation of proceeds as
follows:
1. improve broadcasting equipment = Bt400 m
-1996 : Bt70.2 m
-1997 : Bt122.7 m (totalling to Bt192.9 m)
-this year : expectedly Bt150 m
2. purchase 350-metre-tall pole = Bt700 m
As the company announced to sell location in IX Rama Rd for its office
, this project had to be postponed.
3. repay for loans = Bt945 m
4. working capital = Bt740 m, including some remian from (1)-(3)