Page 121 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

11.2 Share capital increase of subsidiary

On 20 October 2021, the Company’s Board of Directors Meeting passed a resolution approving the
acquisition of shares for capital increase in K D B Company Limited, whereby the subsidiary
increased its share capital from Baht 3,636,000 (3,636 ordinary shares with a par value of Baht
1,000 per share) to Baht 159,636,000 (159,636 ordinary shares with a par value of Baht 1,000 per

share) through issuance of new ordinary shares of Baht 156,000,000 (156,000 ordinary shares with
a par value of Baht 1,000 per share). The Company purchased 70,191 ordinary shares of the
additionally issued ordinary shares and made full payment amounting to Baht 70 million. As a
result, the share capital increase had no effect to the Company’s existing shareholding.

The subsidiary registered the share capital increase with the Ministry of Commerce on 27 October
2021

12. Investment in associate

12.1 Details of an associate:
(Unit: Thousand Baht)
Consolidated/Financial statements in which equity method
is applied
Country of Carrying amounts
Nature of incorporatio Shareholding based on equity
Company’s name business n percentage Cost method
2021 2020 2021 2020 2021 2020
(%) (%)
TY Steel Company Limited Manufacture Thailand - 30.84 - 798,806 - 188,942
and
distribution
of steel billet
and deformed
bar
Total - 798,806 - 188,942

(Unit: Thousand Baht)
Separate financial statements
Allowance for Carrying amounts
Nature of Country of Shareholding impairment of based on cost method
Company’s name business incorporation percentage Cost investments - net
2021 2020 2021 2020 2021 2020 2021 2020
(%) (%)
TY Steel Company Manufacture Thailand - 30.84 - 798,806 - 295,336 - 503,470
Limited and
distribution of
steel billet and
deformed bar
Total - 798,806 - 295,336 - 503,470

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