STGT’s EGM Approves the Par Splitting and a Change in Div Payment Policy to 50% of NP

STGT’s EGM Approves the Par Splitting and a Change in Div Payment Policy to 50% of NP.

Sri Trang Gloves (Thailand) Public Company Limited (STGT) has announced that the Extraordinary General Meeting of Shareholders held on Friday 25th December 2020 approved the change of par value from the original value of THB 1 per share to THB 0.5 per share.

 

Moveover, the meeting approved the acquisition of ordinary shares of Sadao P.S. Rubber Company Limited from Sri Trang Agro-Industry Public Company Limited, the acquisition of land with buildings from Anvar Parawood Company Limited (a subsidiary of Sri Trang Agro-Industry Public Company Limited), and the acquisition of land with buildings from Sri Trang Agro-Industry Public Company Limited.

The Meeting acknowledged the interim dividend payment of the company at THB 1.25 per share, totaling THB 1,785,975,000 paid from BOI benefit.

In addition, the Board of Directors approved the change in dividend policy to pay dividend distributions to shareholders at least 50 percent of its net profit based on the company’s separate financial statements.

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