Group Structure

In March 2016, we announced our plan to invest approximately THB1.2 billion to expand our business in the AEC. We incorporated TOA Paint (Cambodia) Co., Ltd., TOA Skim Coat (Cambodia) Co., Ltd., and PT TOA Coating Indonesia and on process of registration TOA Coating (Cambodia) Co., Ltd. for the construction of new production plants in Cambodia and Indonesia, and to support the expansion in the production, sales, and marketing of our products. We also incorporated TOA Coating (Myanmar) Co., Ltd. to support the relocation of our Yangon Plant to the Thilawa Special Economic Zone in Myanmar.

We currently have 14 subsidiaries in our group. The following chart outlines our group structure.




Remark:

  • (1)The remaining 25.0% of registered capital is held by PT Budilestari Sentosa, our joint venture partner. PT Budilestari Sentosa is not a related person under the definition in the Notification of the Capital Market Supervisory Board No. TorChor. 21/2551 Re: Rules on Connected Transactions.
  • (2)The remaining 1.0% of registered capital is held by Mr. Jatuphat Tangkaravakoon, one of our directors and shareholders.
  • (3)The remaining 35.0% of registered capital is held by Mantanakanok Company Limited, MK Company Limited and Ms. Thet Thet Nu Aung, our joint venture partners. Mantanakanok Company Limited, MK Company Limited and Ms. Thet Thet Nu Aung are not related persons under the definition in the Notification of the Capital Market Supervisory Board No. TorChor. 21/2551 Re: Rules on Connected Transactions.
  • (4)The remaining 1.0% of registered capital is held by Mr. Jatuphat Tangkaravakoon, one of our directors and shareholders.
  • (5)The remaining 35.0% of registered capital is held by Mr. Sok Hout, our joint venture partner. Mr. Sok Hout is not a related person under the definition in the Notification of the Capital Market Supervisory Board No. TorChor. 21/2551 Re: Rules on Connected Transactions.