Hwa Fong Rubber Public Company Limited Approves Dividend for the Year Ended December 31, 2019, Payable on June 10, 2020; Announces Board Changes
May 11, 2020 at 07:00 am
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Hwa Fong Rubber (Thailand) Public Company Limited at its AGM held on May 11, 2020 approved the appropriate dividend payment from the profit for the year ended December 31, 2019 to Shareholders at the rate THB 0.145 per share. Derived from profit under BOI Business at the rate THB 0.064 per share and Derived from profit under non-BOI Business at the rate THB 0.081 per share total 658,434,300 shares. The record date for the right to receive dividend on May 20, 2020 and dividend will be paid on June 10, 2020.
The company also elected Mr. Lin, Cheng - Yung to be the independent Director/Audit Committee Member replacing Mr. Chang, Tai Shan, effective from May 11,2020.
Hwa Fong Rubber (Thailand) Public Company Limited is a Thailand-based company, which is engaged in the manufacturing and distribution of tires and tubes for bicycles, motorcycles and small logistics vehicles. The Companyâs product range includes motorcycle, bicycle, ATV, agriculture and industrial, golf car, and accessories. Its motorcycle products include sport tire, scooter tire, vintage tire, big bike tire, motocross tire and tube. Its bicycle products include mountain bike, road racing bike, city and touring bike, BMX, free style bike, electric bike, and tube. The Companyâs segments include Sales of goods and services, and Investing. Its subsidiaries include HFT Holding Co., Ltd. and PT. Hwa Fong Rubber Indonesia. HFT Holding Co., Ltd. is engaged in the investment in bonds and securities, and wholesale and retail trading of tires and tubes and equipment. PT. Hwa Fong Rubber Indonesia is involved in the manufacturing and distribution of tires and tubes for bicycles and motorcycles.
HWA FONG RUBBER (THAILAND) 
