Thai Steel Cable Public Company Limited Approves Dividend for the Year 2020, Payable within February 19, 2021
January 19, 2021 at 04:10 pm IST
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Thai Steel Cable Public Company Limited, at the annual general meeting of Shareholders held on January 19, 2021 approved the dividend payment of 2020 THB 0.50 per share which equals to THB 129,900,000 or 158% of net profit of 2020. TSC shall prepare record of shareholders that eligible to receive dividend payment on January 29, 2021. The dividend will be paid within February 19, 2021. The remaining of THB 0.50 which will be paid from the BOI promotion THB 56,786,072 at THB 0.22 per share and THB 73,113,928 at THB 0.28 per share from business with 20% taxable profits. The dividend shall be subject to withholding tax especially the dividend paid from the taxable profit only.
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.