25 February 2002
ROLL-OVER LOANS TO BEC-TERO
February 22, 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 of Baht
3.0 million and Baht 1.7 million which are due for repayment on 22
and 25 February 2002 respectively, for another year at an interest
rate of 3.75% 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: February 22, 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
BEC-TERO Entertainment Co.,Ltd.(borrower)[BEC-TERO]
Related: BEC-TERO is a subsidiary of BEC, which
BEC holds 60% and Mr.Brian Lindsay Marcar
who is not a connected person holds 40%.
3. Transaction Date and Amount of money:
1.) February 22, 2002 Baht 3.0 million
2.) February 25, 2002 Baht 1.7 million
4. Characteristic of transaction:The transaction is the roll-over of
an existing loan for another year. The
interest rate is fixed at 3.75% per annum,
at a higher rate than the banks'deposit
rate on the transaction date.