Page 410 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure
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Central Retail Corporation Public Company Limited and its Subsidiaries ries
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For the year ended 31 December 2021 2021
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Name of the entity Type of business Country of 2021 2020
All associates were incorporated and mainly operate in Thailand, except for COL Vietnam Joint Stock Company
which was incorporated and mainly operates in Vietnam. incorporation Ownership interest

(%)
All joint ventures were incorporated and mainly operate in Thailand, except for Morningbliss SDN. BHD and
Officemate Logistic Limited Distribution center Thailand 99.74 -
Porto Worldwide Limited which were incorporated and mainly operates in Malaysia and Hong Kong, respectively.
Hytexts Interactive Co., Ltd. E-Book store Thailand 56.10 -

CRC Rinascente S.p.A. Investing Italy 99.99 99.99
None of the Group’s and the Company’s associates and joint ventures are publicly listed and consequently they
CRC Sport Co., Ltd. Retail Thailand 99.35 99.35
do not have published price quotations.
CRC Sport E-commerce Limited E-Commerce Thailand 99.33 99.33

CRC Sports (Vietnam) Joint Dormant company Vietnam 99.35 99.35
Consolidated

Stock Company financial statements
Material movements
Earth Care Company Limited Dormant company Thailand 99.99 99.99
2021
2020
for the year ended 31 December
John Master (M) Sdn. Bhd. Dormant company Malaysia 99.99 99.99
(in million Baht)
Kiko Garments Sdn. Bhd. Dormant company Malaysia 99.99 99.99

Joint ventures

Kiko Retail Sdn. Bhd. Dormant company Malaysia 99.99 99.99
Acquisition share capital in Porto Worldwide Limited
4,452

-
la Rinascente S.p.A. Department store Italy 100.00 100.00
20
Increase in share capital in MUJI Retail (Thailand) Co., Ltd.
70
Lan Chi-Ha Nam Investment and Hypermarket Vietnam 51.00 51.00

Service Company Limited
Investments in joint ventures
Lan Chi Investment and Service Hypermarket Vietnam 51.00 51.00

Company Limited
Acquisition
Lan Chi Services and Trading Distribution center Vietnam 51.00 51.00

Investment Company Limited
In December 2021, the Group acquired 133,545,740 shares, equivalent to 67% of share capital of Porto
LCP Trading Services Joint Stock Investing Vietnam 51.00 51.00
Worldwide Limited incorporated in Hong Kong for a consideration of Baht 4,452 million from a related
Company
party, which became a joint venture between the Group and Central Pattana Public Company Limited
Matter D Company Limited Service Thailand 99.98 99.98
(CPN). The purpose of this joint venture is to invest 40% shareholding in Grabtaxi Holdings (Thailand)
Subsidiaries under “NKT New
Co., Ltd. The acquisition is in accordance with the obligations stipulated in the SPA which was approved
Solution and Technology
by the Board of Directors’ meeting of the Company on 10 December 2019 and the Shareholders’
Development Investment Joint
meeting of the Company on 19 December 2019. Additional, in the future, Porto Worldwide Limited has
Stock Company”
the right to swap its shares, in part or entirety, in GrabTaxi Holdings (Thailand) Co., Ltd. with the Class
NKT New Solution and Technology Investing Vietnam 99.36 99.36
A ordinary shares of Grab Holdings Limited which listed on the NASDAQ with the designated price
Development Investment Joint
within the specified period.
Stock Company
Nguyen Kim Binh Duong One Retail Vietnam 99.36 99.36
Increase in share capital
Member Company Limited

Nguyen Kim Buon Ma Thuot One Retail Vietnam 99.36 99.36
During 2021, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
Member Company Limited
share capital of 700,000 shares, amounting to Baht 70 million.
Nguyen Kim Can Tho One Member Retail Vietnam 99.36 99.36

Company Limited
During 2020, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
Nguyen Kim Central Trading One Retail Vietnam 99.36 99.36
share capital of 200,000 shares, amounting to Baht 20 million.
Member Company Limited

Nguyen Kim Hai Phong Retail Vietnam 99.36 99.36

Development Investment One
Member Company Limited
Nguyen Kim Long Xuyen One Retail Vietnam 99.36 99.36
Member Company Limited
Nguyen Kim Modern Trade Investing Vietnam 99.36 99.36
Development Investment Joint
Stock Company
Nguyen Kim Trading Joint Stock Retail Vietnam 99.36 99.36
Company
Sai Gon Industrial Corporation Real estates Vietnam 97.91 97.91
Orbit Avenue Sdn. Bhd. Investing Malaysia 100.00 100.00
PB Logistic Co., Ltd. Importing and selling Thailand 99.35 99.35
Power Buy Co., Ltd. Retail Thailand 99.35 99.35
Power Buy E-Commerce Limited E-Commerce Thailand 99.33 99.33

20 48
410 Annual Report 2021 (Form 56-1 One-Report)