08 สิงหาคม 2544
LOAN TO SUBSIDIARY WHICH BEC'S HOLDING IS NOT EXCEEDING 90%
August 7, 2001
To: President
Stock Exchange of Thailand
Re: Loan to subsidiary which the company's holding is not
exceeding 90% of the paid -up capital of the subsidiary.
Referring to: Our previous letter dated July 30, 2001.
As we reported by the said referred letter, 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 a loan of Baht 6.7 million which
is due for repayment on August 8, 2001 for another year at an
interest rate of 4.75% 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: 7 August 2001
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]
Relationship: 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: 8 August 2001
4. Amount of money : Baht 6.7 million
5. Characteristic of transaction: The transaction is the
roll-over of an existing loan for another
year. The interest rate is fixed at 4.75%
per annum,at a higher rate than the banks'
deposit rate on the transaction date.