10 June 2002
GIVE NEW SHORT TERM LOAN TO BEC-TERO ENTERTAINMENT CO.,LTD.
June 7,2002
To: President
Stock Exchange of Thailand
Re: Give new short term loan to BEC-Tero Entertainment Co.,Ltd.
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 give a new loan
of Baht 4.0 million which will be due for repayment within a year from
June 7,2002 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: June 7 ,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 EntertainmentCo.,Ltd.(borrower) [BEC-Tero]
Relationship: 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: June 7,2002
4.Amount of money: Baht4.0 million
5.Characteristic of transaction: The transaction is a new loan for a year.
The interest rate is fixed at 3.75% per annum,
at a higher rate than the banks' deposit rate
on the transaction date.