Page 428 - 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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Notes to the financial statements ments
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For the year ended 31 December 2021 2021
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All associates were incorporated and mainly operate in Thailand, except for COL Vietnam Joint Stock Company
Name of entities Country of Nature of relationships
which was incorporated and mainly operates in Vietnam.

incorporation
/ nationality
All joint ventures were incorporated and mainly operate in Thailand, except for Morningbliss SDN. BHD and
Central Marketing Group Intertrade Co., Ltd. Thailand Some common directors
Porto Worldwide Limited which were incorporated and mainly operates in Malaysia and Hong Kong, respectively.
Central Pattana Chiangmai Co., Ltd. Thailand Some common directors

Central Pattana Chonburi Co., Ltd. Thailand Some common directors
None of the Group’s and the Company’s associates and joint ventures are publicly listed and consequently they
Central Pattana Development Co., Ltd. Thailand Some common directors
do not have published price quotations.
Central Pattana Khonkaen Co., Ltd. Thailand Some common directors

Central Pattana Nine Square Co., Ltd. Thailand Some common directors

Consolidated
Central Pattana Public Company Limited Thailand Some common directors
financial statements
Material movements
Central Pattana Rama 3 Co., Ltd. Thailand Some common directors 2020
2021
for the year ended 31 December

Central Pattana Rattanatibeth Co., Ltd. Thailand Some common directors

(in million Baht)
Central Pattana Realty Co., Ltd. Thailand Some common directors

Joint ventures
Central Payment Co., Ltd. Thailand Some common directors -
4,452

Acquisition share capital in Porto Worldwide Limited
Central People Development Center Limited Thailand Some common directors 20

Increase in share capital in MUJI Retail (Thailand) Co., Ltd.
70
Central Restaurants Group Co., Ltd. Thailand Some common directors

Central Tham Social Enterprise Company Thailand Some common directors
Investments in joint ventures
Limited

Central Wealth Solution Co., Ltd. Thailand Some common directors
Acquisition
Central WHA Alliance Co., Ltd. Thailand Some common directors

Central World Co., Ltd. Thailand Some common directors
In December 2021, the Group acquired 133,545,740 shares, equivalent to 67% of share capital of Porto
Cha Am Seaview Co., Ltd. Thailand Some common directors
Worldwide Limited incorporated in Hong Kong for a consideration of Baht 4,452 million from a related
CPN Korat Co., Ltd. Thailand Some common directors
party, which became a joint venture between the Group and Central Pattana Public Company Limited
CPN Pattaya Co., Ltd. Thailand Some common directors
(CPN). The purpose of this joint venture is to invest 40% shareholding in Grabtaxi Holdings (Thailand)
CPN Rayong Co., Ltd. Thailand Some common directors
Co., Ltd. The acquisition is in accordance with the obligations stipulated in the SPA which was approved
CPN Residence Khon Kaen Co., Ltd. Thailand Some common directors
by the Board of Directors’ meeting of the Company on 10 December 2019 and the Shareholders’
CRC Power Retail Co., Ltd. Thailand Some common directors
meeting of the Company on 19 December 2019. Additional, in the future, Porto Worldwide Limited has
CRC Property Company Limited Thailand Some common directors
the right to swap its shares, in part or entirety, in GrabTaxi Holdings (Thailand) Co., Ltd. with the Class
CRG Manufacturing Co., Ltd. Thailand Some common directors
A ordinary shares of Grab Holdings Limited which listed on the NASDAQ with the designated price
CRG International Food Co., Ltd. Thailand Some common directors
within the specified period.
OAL Holding Limited British Virgin Some common directors
Increase in share capital Islands
Overseas Fashion Ltd. Thailand Some common directors

Prin Intertrade Co., Ltd. Thailand Some common directors
During 2021, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
Paton 1 Co., Ltd. Thailand Some common directors
share capital of 700,000 shares, amounting to Baht 70 million.
Phuket Hill Resort Co., Ltd. Thailand Some common directors

Suan Na Klua Co., Ltd. Thailand Some common directors
During 2020, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
The 1 Central Limited Thailand Some common directors
share capital of 200,000 shares, amounting to Baht 20 million.
The Little Kitchen Co., Ltd. Thailand Some common directors

TeeNee KhonKaen Limited Thailand Some common directors

TeeNee WongSawang Limited Thailand Some common directors
Tiang Chirativat Real Estate Co., Ltd. Thailand Some common directors
Vivi File Co., Ltd. Thailand Some common directors
Z Retail Tech Limited Thailand Some common directors

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