Thai Wah Public Company Limited Declares Cash Dividend for the Year 2016, Payable on May 19, 2017; Approves Board Changes
February 21, 2017 at 01:45 pm EST
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The Board of Directors' meeting of Thai Wah Public Company Limited held on February 21, 2017 resolved the dividend payment to shareholders for the year ended December 31, 2016 would be in the amount of THB 0.21 per share totaling THB 184,888,395.30. The company has fixed the record date on which the shareholders are entitled to receive dividend on May 2, 2017 and fixed the share register book closing date on which the shareholder list as specified under Section 225 of the Securities and Exchange Act shall be compiled on May 3, 2017. Dividend payment will be made on May 19, 2017.
The board of directs approved the resignation of Mr. Udom Vichayabhai from the position of Independent Director, Audit and Risk Committee Member and Nomination and Remuneration Committee Member of the company on February 21, 2017 and approved the appointment of Mr. Subhak Siwaraksa, as a new Independent Director, Audit and Risk Committee Member and Nomination and Remuneration Committee Member of the company, succeeding Mr. Udom Vichayabhai. Mr. Subhak Siwaraksa will take the post of Independent Director, Audit and Risk Committee Member and Nomination and Remuneration Committee Member of the Company effective February 21, 2017.
Thai Wah Public Company Limited is a Thailand-based company that is engaged in the manufacturing and distribution of vermicelli, tapioca starch, and other food products. The Company operates through two segments: The starch segment and the Food segment. The starch segment is engaged in the manufacturing and distribution of starch and other agricultural products. The Food segment is engaged in the manufacturing and distribution of vermicelli and other food products. The Companyâs products in this category includes tapioca starch, glucose syrup, modified starch, sago, alpha starch, rice flour and rice starch. The Company's Food segment products include vermicelli and bean sheets, rice noodles and rice vermicelli, mong starch and other starch, by-products and others. It sells its products through various channels, including wholesalers, retailers, department stores, superstores, supermarkets, convenience stores, cash vans, restaurants nationwide, industrial clients, and selling online.
THAI WAH 