Page 88 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

6. Related party transactions

The followings are relationships with related parties.

Country of
Name of entities incorporation Nature of relationships
All Manage International Limited* British Virgin Islands Subsidiary company
TY Steel Co., Ltd. Thailand Associated company
Tycoons Group Enterprise Co., Ltd. Taiwan Ultimate parent company
Tycoons Group International Co., Ltd. Cayman Parent company
Baw - Heng Steel (Vietnam) Co., Ltd. Vietnam Subsidiary of parent company
Tycoons Vietnam Co., Ltd. Vietnam Subsidiary of parent company
Huanghua Jujin Hardware Products Co., Ltd. China Subsidiary of parent company
Huanghua Jujin Import & Export Trading Co., Ltd. China Subsidiary of parent company
Joint Force International Co., Ltd. Hong Kong Associated of parent company
Jin Hai Hardware Co., Ltd. Thailand 19.75% holding by parent company
Tycoons Steel International Co., Ltd.* Cayman 5.77% holding by a subsidiary

*Dissolution in June 2018

During the years, the Company had significant business transactions with related parties.
Such transactions, which are summarised below, arose in the ordinary course of business
and were concluded on commercial terms and bases agreed upon between the Company
and those related parties.
(Unit: Million Baht)
Consolidated/Separate
financial statements Pricing policy

2018 2017
Transactions with ultimate parent
company
Sales 1,726 1,584 With reference to market price
Purchases of raw materials 196 331 With reference to market price
Purchases of fixed assets 7 - Contract price
Transactions with parent company
Purchases of raw materials 272 - With reference to market price
Transactions with associated company
Sales 104 138 With reference to market price
Sales of lands 48 - Contract price
Other income 5 - With reference to market price
Purchases of raw materials 4,095 3,936 With reference to market price
Purchases of goods 992 - With reference to market price
Transactions with related companies
Sales 332 349 With reference to market price
Sales of equipments 70 - Contract price

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