30 มีนาคม 2541
aquire ordinary shares of BEC-Tero Co.,Ltd.
March 27, 1998.
Subject : To report the approval to acquire ordinary shares of BEC-Tero
Co., Ltd. and to submit information on related transaction.
To : President,
The Stock Exchange of Thailand.
Enclosure : Information of related transaction.
This is to inform that the board of directors approved during
the2/1998 meeting held on March 27, 1998, an acquisition of 599,995ordinary
shares of BEC-Tero Entertainment Co., Ltd. which is equal to 60% of its paid-
up capital, at the par value of 10 Baht a share amounting Baht5,999,950.-
The size of investment is about 0.07% of BECs total net asset
value and does not fall under the Notification of SET concerning the
Acquisition of Disposition of Assets of Listed Companies but fall under the
Notification of SET concerning the related transaction, forwhich the
disclosure of information is enclosed.
Sincerely yours,
Chatchai Thiamtong
Vice President
BEC World Public Company Limited.
Information on related transaction
1. Date of Transaction
The Board of Directors meeting no. 2/1998 held on March 27, 1998 has
resolved in principle to acquire 599,995 ordinary shares of BEC-Tero
Entertainment Co., Ltd. (BEC-Tero) of 59.99% of its paid-up capital.
The purchase price is Baht 10 and total investment value is Baht
5,999,950.
2. Parties involved
Buyer : BEC World Public Company Limited.
Seller : 1.) Mr.Prasarn Maleenont 74,999 shares
2.) Mr.Pracha Maleenont 74,999 shares
3.) Mr.Pravit Maleenont 74,999 shares
4.) Mr.Prachum Maleenont 74,999 shares
5.) Miss Ratana Maleenont 74,999 shares
6.) Miss Nipa Maleenont 75,000 shares
7.) Miss Amporn Maleenont 75,000 shares
8.) Mrs.Ratchanee Nipathkusol 75,000 shares
3. Nature of Transaction
The acquisition size of 599,995 ordinary shares of BEC-Tero is 0.07% of
BECs total net asset value and does not fall under the Notification of
SET, Re : Rules, Procedures, and Disclosure of Information concerning
the Acquisition of Disposition of Assets of Listed Companies.
4. Details of Asset
Type : 599,995 ordinary shares.
Company : BEC-Tero Entertainment Co., Ltd.
Business Type : Programs producer, organize and/or promote international
shows, concerts, sport events and/or television shows,
produce and/or promote music and/of songs, provide
sponsorship and/or marketing promotion activities to all
kinds of entertainment events within the country and in
Myanmar through its subsidiary which incorporated within
that country.
Registered capital : Baht 10,000,000 at par of Baht 10
Paid-up capital : Baht 10,000,000
Directors : 1.) Mr.Prasarn Maleenont 2.) Mr.Pracha Maleenont
3.) Mr.Pravit Maleenont 4.) Mr.Prachum Maleenont
5.) Miss Ratana Maleenont 6.) Miss Amporn Maleenont
7.) Mr. Brian L. Marcar
Shareholder : 1.) Mr.Prasarn Maleenont 75,000 shares
2.) Mr.Pracha Maleenont 75,000 shares
3.) Mr.Pravit Maleenont 75,000 shares
4.) Mr.Prachum Maleenont 75,000 shares
5.) Miss Ratana Maleenont 75,000 shares
6.) MissNipa Maleenont 75,000 shares
7.) Miss Amporn Maleenont 75,000 shares
8.) Mrs.Ratchanee Nipathkusol 75,000 shares
9.) Mr.Brian L. Marcar 400,000 shares
5. Value of Investment
Total investment value of 599,995 ordinary share of BEC-Tero is Baht
5,999,950 at Baht 10 per share.
6. Connected Transaction
Mr.Prasarn Maleenont : Major shareholders and a director of BEC
Mr.Pracha Maleenont : Major shareholders and a director of BEC
Mr.Pravit Maleenont : Major shareholders and a director of BEC
Mr.Prachum Maleenont : Major shareholders and a director of BEC
Miss Ratana Maleenont : Major shareholders and a director of BEC
Miss Nipa Maleenont : Major shareholders and a director of BEC
Miss Amporn Maleenont : Major shareholders and a director of BEC
Mrs. Ratchanee Nipathkusol : Major shareholders and a director of BEC
7. Nature and extent of benefits to connected persons.
The connected persons are major shareholders taking part in the Board
of Directors of BEC.