23 พฤศจิกายน 2544
LOAN TO SUBSIDIARY WHICH THE COMPANY HOLDS NOT EXCEED 90%
November 23, 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 TVB 3 Network Co.,Ltd. [TVB 3] 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 1,200,000 which are due for repayment on November 23, 2001 for
another year and to grant a new loan of Baht 700,000 which will be
due for repayment a year from November 23, 2001. Interest rate of
both transactions are fixed at 4.50% 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 23, 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
TVB 3 Network Co.,Ltd.(borrower) [TVB 3]
Related: BEC has effectively 60% interest in TVB 3,
through its 100% subsidiary BEC-International
Distribution Co.,Ltd. The other 40% is held
by TVB Oversea Co., Ltd. [TVB] a company in
Television Broadcasts Limited (Hong Kong)
Group. TVB is not a connected person.
3. Transaction Date: November 23, 2001
4. Amount of money: Baht 1,900,000
5. Characteristic of transactions: The transactions are the roll-over
of an existing loan for another
year and a new loan for a year.
The interest rate are fixed at
4.50% per annum, at a higher rate
than the banks' deposit rate on the
transaction date.