28 สิงหาคม 2544
LOAN TO SUBSIDIARY WHICH COMPANY HOLDS NOT EXCEEDING 90%
August 27, 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 loans of Baht 20.5 million which
are due for repayment during August 27-30, 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: 27 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]
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: August 27, 2001 Baht 5,500,000
August 29, 2001 Baht 11,600,000
August 30, 2001 Baht 3,400,000
4. Amount of money: Baht 20.5 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.