Page 5 - Annual report eng 2019
P. 5
Tycoons Worldwide Group (Thailand) Plc.
1.2 Significant change and development
In year 2011, major shareholder Tycoons Group International Co., Ltd has set aside
60,000,000 shares of Tycoons Worldwide Group (Thailand) Public Co., Ltd (about 9.94%
of total outstanding common shares of Tycoons Worldwide Group (Thailand) Public Co.,
Ltd) to issue 30,000,000 units of Taiwan Depository Receipt (TDR) in Taiwan Stock
Exchange and has been listed on Sep.29, 2011. Therefore, the shareholding that Tycoons
Group International Co., Ltd holds Tycoons Worldwide Group (Thailand) Public Co., Ltd
decreased from 79.47% to 73.40% at that moment.
To matches the need of Tycoons’ needs for downstream expansion and the goal for
getting into the domestic market. In year Q4/2019 has purchase a paid-up registered
capital 8.7% shares of Thai Union Fasteners Co., Ltd. at a value of 10 baht per share.
The number of shares is 6,000,000 shares with a total value of 60,000,000 baht.
1.3 Structure of the group
Tycoons Group Enterprises Co., Ltd (TGE)
(Taiwan)
Registered capital: NT$7,000 million (as of December 31, 2019)
Paid-in capital: NT$4,798 million (as of December 31, 2019)
100%
Tycoons Group International Co., Ltd (TGI)
(Cayman Island)
Registered capital: USD500 million (as of December 31, 2019)
Paid-in capital: USD193 million (as of December 31, 2019)
73.40%
Tycoons Worldwide Group (Thailand) Public Co., Ltd(TYCN)
(Thailand)
Registered capital: THB5,967 million (as of December 31, 2019)
Paid-in capital: THB5,967 million (as of December 31, 2019)
30.57%
TY Steel Co., Ltd (TY)
(Thailand)
Registered capital: THB2,390 million (as of December 31, 2019)
Paid-in capital: THB2,390 million (as of December 31, 2019)
TGE was approved to be incorporated by the Ministry of Economic Affairs under the
company law of the Republic of China on November 20, 1980. Its total registered capital
as of December 31, 2019 was NT$ 7,000 million, paid-in capital was about NT$ 4,798
million Currently, TGE’s main business is to produce annealed wire using wire rod, raw
material imported from TYCN. TGE also directly sells wire rods and annealed wire to
customers in the Taiwan market. TGE currently has the production facility in Taiwan for
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