19 พฤศจิกายน 2545
ROLL-OVER LOANS TO BEC-TERO ENTERTAINMENT CO.,LTD.
November 18, 2002
To: President
Stock Exchange of Thailand
Re: Roll-over loans to BEC - TERO Entertainment Co., Ltd. [BEC-TERO]
As we reported 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 to
BEC-TERO of Baht 12.0 million which is due for repayment on 17 November 2002, for
another year at an interest rate of 3.5% 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 subsidiaries which the
company's holding is not exceeding 90% of the paid-up capital of the subsidiaries.
Report date: 18 November 2002
1. Type of transaction: Short term loans to subsidiaries which the company's
holding is not exceeding 90% of the paid-up capital
of the subsidiaries.
2. Parties: Between BEC World Plc. (lender) [BEC] and
BEC-TERO Entertainment Co.,Ltd.(borrower) [BEC-TERO]
Relation: 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: 17 November 2002
4. Amount of money: Baht 12.0 million
5. Characteristic of transaction: The transactions are the roll-over of the
existing loan for another year. The interest
rates are fixed at 3.5% per annum, at a higher
rate than the banks' deposit rate on the
transaction date.