Page 88 - Annual report eng 2019
P. 88
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 year, 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)
Financial statements
in which equity method
is applied/
Consolidated/Separate
financial statements Pricing policy
2019 2018
Transactions with ultimate parent
company
Sales 673 1,726 With reference to market price
Purchases of raw materials 68 196 With reference to market price
Purchases of fixed assets 6 7 Contract price
Transactions with parent company
Purchases of raw materials - 272 With reference to market price
Transactions with associated company
Sales 84 104 With reference to market price
Sales of lands - 48 Contract price
Other income 8 5 With reference to market price
Purchases of raw materials 2,812 4,095 With reference to market price
Purchases of goods 2,326 992 With reference to market price
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