AAPICO Hitech Public Company Limited Approves Cash Dividend Payment from July to December 2017, Payable on May 9, 2018; Appoints Xin Rhu Yeap as Chief Financial Officer; Approves Establishment of International Headquarter
March 22, 2018 at 10:52 am EDT
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AAPICO Hitech Public Company Limited announced that at its Board of Directors' meeting held on February 28, 2018, approved the dividend payment from the performance from July to December 2017 was approved at the rate of THB 0.60 per share, for a total number of 316,576,144 ordinary shares (excluding 6,007,700 repurchased shares), which is equal to the total amount up to THB 189,945,686.40. The dividend payment at the rate of THB 0.30 per share will be derived from the net profit and retained earnings which was subjected to tax exemption profit under the BOI privilege scheme, and the dividend payment at the rate of THB 0.30 per share will be derived from dividend or share of profits which also was exempted not to be included in the personal income tax calculation. The record date for determining shareholders entitled to receive cash dividend is scheduled on March 14, 2018. This cash dividend is scheduled to be paid on May 9, 2018. However, the right to receive dividend remains uncertain and is subjected to the shareholders' approval at the Annual General Meeting of Shareholders.
The company also approved the appointment of Ms. Xin Rhu Yeap as company's Chief Financial Officer.
The company also approved the establishment of International Headquarter.
AAPICO Hitech Public Company Limited is a Thailand-based company. The Company is principally engaged in the manufacture and distribution of automobile parts, dies, and jigs. The Companyâs segments include the manufacture of auto parts segment, sales of automobiles and provision of automobile repair services segment, and other segments that represent the manufacture and sales of car navigation systems and services relating to technology. The Company is focused on manufacturing OEM automotive parts, including floor parts, cross members, pillars, brackets, clips, and fuel tanks, for leading automobile assemblers in Thailand. The Company is focused on the OEM auto parts manufacturing business, the car dealership business, and the Internet of Things (IoT) connectivity and mobility business. Its subsidiaries include AAPICO Amata Company Limited, New Era Sales Company Limited, Able Motors Company Limited, AAPICO Hitech Parts Company Limited, and AAPICO Hitech Tooling Company Limited.
AAPICO Hitech Public Company Limited Approves Cash Dividend Payment from July to December 2017, Payable on May 9, 2018; Appoints Xin Rhu Yeap as Chief Financial Officer; Approves Establishment of International Headquarter