Thai Steel Cable Public Company Limited Approves Dividend for Year 2016, Payable Within February 23, 2017
January 24, 2017 at 10:41 pm IST
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Thai Steel Cable Public Company Limited at its annual general meeting held on January 24, 2017, approved the dividend payment at THB 0.50 per share which equals to THB 129,900,000 or 95% of net profit of 2016. However, the company had paid the interim dividend at THB 0.25 per share in 2016, therefore, the existing sum is THB 0.25 per share which equals to THB 64,950,000. TSC shall prepare record of shareholders that eligible to attend the meeting and receive dividend payment on January 31, 2017 and collect name list according to Article 225 by closing share transfer on February 1, 2017. The dividend will be paid within February 23, 2017.
Thai Steel Cable Public Company Limited is a Thailand-based company, which is engaged in the manufacture and distribution of control cable of automobiles and motorcycles and window regulators of automobiles. The Company's automobile products include accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, trunk opener cables, key interlock cable, manual parking release and others. Its motorcycle products include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables. Window regulators use cable for all types of automobile production of automobile control cables and window regulators use various types of control cables. The products are distributed to domestic automobile and motorcycle manufacturers and spare parts centers. Output is also exported to overseas markets.