Grande Asset Hotels and Property Public Company Limited Approves Board Changes; Approves Dividend for the Year 2017
At the same meeting, the company resolved the payment of dividends for the performance results of the fiscal year 2017 as: Approval for the company to pay the dividend by cash at the rate of THB 0.004445 per share, being the amount not exceeding THB 12,841,780. Therefore, the total payment of dividends for the performance results of the fiscal year 2017 is at the rate of THB 0.044445 per share. However, such dividends shall be subject to the withholding tax at the rate as specified by law, whereby the company will deduct the withholding tax for all dividends from the dividends paid in cash. In addition, the right for receiving dividends is still uncertainty because it is required to obtain the approval from the Annual General Meeting of Shareholders of the company for the year 2018.