13 พฤศจิกายน 2544
LOAN TO SUBSIDIARY WHICH THE COMPANY HOLDS NOT EXCEEDING 90%
November 13, 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 give a new loan
of Baht 15.0million which will be due for repayment within a year
from November 13, 2001 at an interest rate or 4.25% 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: November 13, 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: November 13, 2001
4. Amount of money: Baht 15.0 million
5. Characteristic of transaction: The transaction is a new loan for
a year. The interest rate is fixed
at 4.25% per annum, at a higher rate
than the banks' deposit rate on the
transaction date.