09 ตุลาคม 2545
GIVE NEW SHORT TERM LOAN TO TVB3 NETWORK CO.,LTD.
October 8, 2002
To: President
Stock Exchange of Thailand
Re: Give new short term loan to TVB 3 Network Co.,Ltd.
As we reported 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 give a new loan of Baht 4.0 million
which will be due for repayment within a year from October 8, 2002
at an interest rate of 4.0% 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: October 8, 2002
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]
Relationship: 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: October 8, 2002
4. Amount of money: Baht 4.0 million
5. Characteristic of transaction: The transaction is a new loan for a year.
The interest rate is fixed at 4.0% per annum,
at a higher rate than the banks' deposit
rate on the transaction date.