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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