TCC Group definition

TCC Group means the companies and entities comprised in the Thai Charoen Corporation Group which are controlled by Mr Charoen Sirivadhanabhakdi and Ms Khunying Wanna Sirivadhanabhakdi;

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TCC Group refers to the companies and entities in the TCC Group which are controlled by Mr Chaoron Sirivadhanabhakdi and Khunying Wanna Sirivadhanabhakdi. Corporate To address and manage possible conflicts of interest (including in relation to Directors, officers and employees) that may arise in managing FH-REIT, the REIT Manager has put in place procedures which, among other things, specify that: (a) the REIT Manager shall be dedicated to the management of FH-REIT and will not directly or indirectly manage other REITs; (b) all executive officers will be employed by the REIT Manager; (c) all resolutions in writing of the directors of the REIT Manager (“REIT Manager Directors”) in relation to matters concerning FH-REIT must be approved by a majority of the REIT Manager Directors, including at least one director independent from management and business relationships with the REIT Manager; (d) at least a majority of the REIT Manager Board shall comprise REIT Manager independent Directors; (e) on matters where Frasers Property Group has an interest (directly or indirectly), Directors nominated by Frasers Property Group shall abstain from voting. On such matters, the quorum must comprise a majority of the REIT Manager’s independent Director and must exclude nominee Directors of Frasers Property Group; and (f) an interested Director is required to disclose his interest in any proposed transaction with FH-REIT and is required to abstain from voting on resolutions approving the transaction. Further information on the conflict policy the Trustee-Manager has instituted to deal with conflicts of interest that may arise in managing FH-BT can be found in the Statement on the Policies and Practices in Relation to the Management and Governance of FH-BT on pages 128 to 134. The Managers do not have a practice of extending loans to Directors, and as at 30 September 2019, there were no loans granted by the Managers to Directors. If there are such loans, each of the Managers will comply with its obligations under the Companies Act (Chapter 50 of Singapore) in relation to loans, quasi-loans, credit transactions and related arrangements to Directors.

TCC Group means the companies and entities in the TCC Group which are controlled by Mr Charoen Sirivadhanabhakdi and Khunying Wanna Sirivadhanabhakdi. For the avoidance of doubt, the TCC Group does not refer to TCCGI or include TCCGI

Examples of TCC Group in a sentence

It is the usual practice of TCC Group to go through the tender procedures for the procurement of relevant materials and enter into a detailed purchase agreement with the successful bidder.
To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, TCC Group Holdings CO., LTD., Top Form Construction Limited and its ultimate beneficial owners are third parties independent of the Company and its connected persons.
Pursuant to the Materials Purchase Agreement entered into between Zhonglu Energy and TCC, Zhonglu Energy agreed to sell petrochemical products such as asphalt, fuel oil, refined oil and other raw materials to TCC Group for the period from 1 January 2017 to 31 December 2017.
TCCAT is a company established in Thailand and is part of the TCC Group (being the companies and entities in the TCC Group which are controlled by Mr. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ and Khunying Wanna Sirivadhanabhakdi, who are directors and controlling shareholders of the Company).
Pursuant to the Materials Purchase Agreement entered into between Zhonglu Energy and TCC, Zhonglu Energy agreed to sell petrochemicals such as asphalt, fuel, refined oil and other raw materials to TCC Group for the period from 1 January 2015 to 31 December 2015.
The other 50% shareholder of ▇▇▇▇ ▇▇▇▇ is a 70% indirectly owned subsidiary of TCC Group Holdings CO., LTD.
The historical transaction amounts recognised by TCC Group for the purchase of the petrochemical products and other materials are as follows: RMB’000 For the period from 27 March 2014 to 31 December 2014 15,553 For the year ended 31 December 2015 21,094 For the ten months ended 31 October 2016 2,291 Being a construction enterprise, TCC Group has continuous demands for relevant petrochemical products and other materials for its construction business.
As Zhonglu Energy is one of the possible petrochemical products suppliers of TCC Group, the entering into of the Materials Purchase Agreement will ensure that on the one hand, Zhonglu Energy will not miss the bidding opportunities provided by TCC Group from time to time, and on the other hand, the Company will comply with the Listing Rules and other relevant requirements once Zhonglu Energy succeeds in the bidding.
Mr Panote Sirivadhanabhakdi is also a director of various entities within the TCC Group2 (which is the controlling shareholder of the Frasers Property Group) and holds 20.0% of the issued share capital of TCC Group Investments Limited, a substantial stapled securityholder of FHT.

More Definitions of TCC Group

TCC Group means the Company and its direct and indirect subsidiaries and affiliates which are wholly-owned, directly or indirectly, by the Company.