TYCOONS- www.lynnkitesailing.com

Established in 1980, Tycoons Group Enterprise Co., Ltd. is dedicated to becoming the best partner for consumers worldwide with the concept of ""Innovation and changes, beyond ourselves.""
Tycoons (Thailand) takes advantage of its vertical integration technology, world-class flexible mass production capability, complete production line, as well as operation of international organizations in order to provide a complete solution from wire rods,steel bars for reinforced concrete, spheroidized annealing wire, to screws, bole, thread rod, creating the immediate benefits for its consumers.

Tycoons Worldwide Group (Thailand) Public Co., Ltd. has been created in September 9, 1996, referred to "Tycoons (Thailand)".
Tycoons (Thailand) is the subsidiary which is 79.47% shares owned by Tycoons Group International Co., Ltd. referred to "Tycoons (Cayman)".
Tycoons (Cayman) is a 100% shareholding Subsidiary set up in Cayman Islands by Tycoons Group Enterprise Co., Ltd. referred to "Tycoons (Taiwan)".

 

Year History and Achievements

1996

September-Tycoons Worldwide Group (Thailand) Co., Ltd. has been established

October-Tycoons (Thailand) has acquired the BOI of 8 years tax-free & 5years Half tax Preferential Permits of wire rod, spheroidized annealing wire, and screw.

1997

September-Tycoons (Thailand) had started to build 9 factories for screw and wire use.

1998

January-Tycoons (Thailand) had started to build rolling mill factory.

October-Official selling of screw products.

December-BOI of 8 years tax-free had came into operation.

1999 October-Official selling of wird rod products.

2001

October-Tycoons (Thailand) has acquired ISO-9001 & ISO-14001certifications.
2003

April-Tycoons (Thailand) has acquired the BOI of 8 years tax-free & 5years Half tax Preferential Permits of bolt.

July-Renamed as Tycoons Worldwide Group (Thailand) Public Co.Ltd.

December-Tycoons (Thailand) become a listed company on stock exchange.

2004

July-Tycoons (Thailand) had started to building bolt factory.
2005 February-Official selling of bolt products.

2006

March-The shareholders meeting approved to set up a 100% shareholding Subsidiary, TSI, which had U.S. $ 200 million in capital, to reinvestment steelmaking plant in Vietnam.

September-Vietnam government has approved TSI reinvestment project.

2007

February-The board of directors agreed to reduce the equity of TSI shareholdings to 40%, investment amounts as U.S. $ 7 million.

March-The shareholders meeting agreed to reduce the equity of TSI shareholdings to 40%, investment amounts as U.S. $ 7 million.

June-The board of directors agreed to reduce the equity of TSI shareholdings to 10%, investment amounts as U.S. $ 7 million.

June-90% of TSI shareholdings (6,300,000 shares) were sold to E-United Group. Tycoons (Thailand) held the equity of TSI shares as10%, investment amounts as U.S. $ 7 hundred thousand.

July-Increased 2.3 million dollars investment for registration of TSI capital change, investment amounts as U.S. $ 3 million.

2008

February-The board of directors agreed to Increase TSI Capital with 20 million dollars, investment amounts as U.S. $ 23 million.

March-Increased 23 million dollars investment for registration of TSI capital change, investment amounts as U.S. $ 23 million.

November-The board of directors agreed to reorganized company investment structure, setting up a 100% shareholding Subsidiary in BVI, named All Manage International Limited, AMIL, which has U.S. $ 23 million in capital. AMIL also Migrated Tycoons (Thailand)'s 10% shares of TSI .

December-TSI reduced capital to U.S. $ 200 million. AMIL regained the investments of U.S. $ 20 million from TSI's capital reduction. AMIL's investment amount as U.S. $ 23 million, the equity of TSI shares still be 10%.

December-The board of directors agreed AMIL's U.S. $ 20 million capital reduction. AMIL's capital amounts from U.S. $ 20 million to U.S. $ 3 million, and return funds back to Tycoons (Thailand).

2009

June-Tycoons (Thailand) had 24,996,100 treasury shares for three years, It was expired. Because of the expiry of treasury shares, The board of directors decided to implement capital reduction. The capital of Tycoons (Thailand) reduced from THB 6,285,000,000 (628,500,000 shares) to THB6,035,039,000 (603,503,900 shares)

July-Tycoons (Thailand) has acquired ISO/IEC 17025 laboratory certifications of wire rod, steel bars for reinforced concrete, wire and bolt from TISI.

2010

July-TSI capital was increased 20 million dollars. AMIL did not purchase stock proportionally, shareholding ratio reduced to 6%.

2011

September-Tycoons (Thailand) distribute Taiwan Depositary Receipt (TDR) 30 million units which are identical to 60 million shares of Tycoons (Thailand).

October-Reinvestment TY Steel Co., Ltd. and build the electrical arc furnace.

 

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