Modernform Group Public Co., Ltd Announces Board Changes; Announces Interim Dividend, Payable on August 22, 2014
July 29, 2014 at 10:45 pm IST
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The Board of Directors' Meeting of Modernform Group Public Co. Ltd. at its meeting held on July 29, 2014 appointed Mr. Surachai Sonthirathl as an Independent Director to replace Mr. Chaiyot Paporn who had resigned on July 28, 2014. Mr. Surachai Sonthirathi will serve the remaining terms of the absence of Mr. Chaiyot Paporn.
The Board of Directors also approved the interim dividend payment from the proceeds of sale of shares held in MFEC PLC. at the rate of THB 0.45 per share. The dividend was derived from retained earnings which was subject to corporate income tax of 20%. The record date shall be August 13, 2014 and August 14, 2014 shall be the book closing date on which the shareholder list as specified in section 225 of the Securities and Exchange Act shall be compiled. Dividend payment will be made on August 22, 2014.
Modernform Group Public Company Limited is a Thailand-based company, which is principally engaged in the manufacture and distribution of residential and office furniture. The Company operates through four segments: Furniture business, Furniture fitting and other materials business, Rental and service business, and Architectural design and construction business. The Company operates a comprehensive furniture business which produces Office Furniture, Residential Furniture, Modernform kitchen and outdoor furniture. The products are distributed domestically and internationally, including import furniture setting and interior decorative products with before and after sale services. The Companyâs products include ergonomic chair, adjustable desk, working accessories, work lounge, occasional chairs, sofa, day beds, recliner, leisure chair, decoration items, coffee table, end table, sideboard, kitchen accessories, desk, chair, and others. It offers kitchen furniture with sophisticated designs.
MODERNFORM GROUP 
