Group Structure

In May 2018, the Company incorporated TOA Coating (Cambodia) Co., Ltd. in order to expand its business in Phnom Penh Special Economic Zone (PPSEZ), in Cambodia.

We currently have 15 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.