Page 411 - 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
Subsidiaries under “Quinam B.V.”
Porto Worldwide Limited which were incorporated and mainly operates in Malaysia and Hong Kong, respectively.
Quinam B.V. Investing Netherlands 99.99 99.99

Cavi Limited Investing Hong Kong 99.99 99.99
None of the Group’s and the Company’s associates and joint ventures are publicly listed and consequently they
Cavi Real Estate Limited Investing Hong Kong 99.99 99.99
do not have published price quotations.
Cavi Retail Limited Investing Hong Kong 99.99 99.99

Cavinoi Limited Investing Hong Kong 99.99 99.99

Consolidated
C-Discount Vietnam Limited Dormant company Vietnam 99.99 99.99
financial statements
Material movements
Liability Company 2021 2020
for the year ended 31 December
Dong Duong Tra Vinh Real Estate Real estates Vietnam 99.99 99.99
(in million Baht)
and Retail Supermarket Joint
Joint ventures
Stock Company 4,452 -
Acquisition share capital in Porto Worldwide Limited
E.B Phu Thanh Limited Liability Hypermarket Vietnam 99.99 99.99
20
Increase in share capital in MUJI Retail (Thailand) Co., Ltd.

70
Company

EB Binh Duong Limited Liability Hypermarket Vietnam 99.99 99.99
Investments in joint ventures
Company

EB Can Tho Limited Liability Hypermarket Vietnam 99.99 99.99
Acquisition
Company

EB Hai Duong Limited Liability Hypermarket Vietnam 99.99 99.99
In December 2021, the Group acquired 133,545,740 shares, equivalent to 67% of share capital of Porto
Company
Worldwide Limited incorporated in Hong Kong for a consideration of Baht 4,452 million from a related
EB Hai Phong Joint Stock Company Hypermarket Vietnam 99.99 99.99
party, which became a joint venture between the Group and Central Pattana Public Company Limited
EB Nam Dinh Limited Liability Hypermarket Vietnam 99.99 99.99
(CPN). The purpose of this joint venture is to invest 40% shareholding in Grabtaxi Holdings (Thailand)
Company
Co., Ltd. The acquisition is in accordance with the obligations stipulated in the SPA which was approved
EB New City Company Limited Hypermarket Vietnam 99.99 99.99
by the Board of Directors’ meeting of the Company on 10 December 2019 and the Shareholders’
EB Services Company Limited Service Vietnam 99.99 99.99
meeting of the Company on 19 December 2019. Additional, in the future, Porto Worldwide Limited has
EB Tan Phu Limited Liability Hypermarket Vietnam 99.99 99.99
the right to swap its shares, in part or entirety, in GrabTaxi Holdings (Thailand) Co., Ltd. with the Class
Company
A ordinary shares of Grab Holdings Limited which listed on the NASDAQ with the designated price
EB Thanh Hoa Limited Liability Hypermarket Vietnam 99.99 99.99
within the specified period.
Company
EB Vinh Limited Liability Hypermarket Vietnam 99.99 99.99
Increase in share capital
Company

E-Cavi Limited Investing Hong Kong 99.99 99.99
During 2021, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
Espace Big C An Lac Company Hypermarket Vietnam 99.99 99.99
share capital of 700,000 shares, amounting to Baht 70 million.
Limited

Espace Big C Dong Nai Hypermarket Vietnam 65.00 65.00
During 2020, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
Espace Big C Thang Long Hypermarket Vietnam 65.00 65.00
share capital of 200,000 shares, amounting to Baht 20 million.
Espace Business Hue Joint Stock Hypermarket Vietnam 99.99 99.99

Company

General Trading and Distribution Investing Vietnam 99.99 99.99
Company Limited
General Trading Fashions One Retail Vietnam 99.99 99.99
Member Company Limited
General Trading of Household Retail Vietnam 99.99 99.99
Products One Member Company
Limited
General Trading, Service and Retail Vietnam 99.99 99.99
Distribution Co., Ltd.
Hung Cuong Retail Real Estate Real estates Vietnam 99.99 99.99
Investment Joint Stock Company
New Grocery Company Limited Dormant company Vietnam 65.00 65.00
New Plan Company Limited Investing Vietnam 99.99 99.99

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Annual Report 2021 (Form 56-1 One-Report) 411