Bangkok--5 Jun--PRDD
TICON Industrial Connection Public Company Limited, a leading developer of integrated industrial properties in Thailand recently holds the company's 2017 annual general meeting to report the company's performance for the year 2016 with total net profit of 278.10 million Baht. The meeting adjourned with the approval of 0.08 baht-per-share dividend payment – representing a payout ratio of 53.35%. The TICON meeting of shareholders also approved a general mandate for a capital increase for the amount not exceeding 550,242,712 shares via either right offering or public offering. The recent request for approval and issuance of the company's ordinary shares under the general mandate is destined to enhance the flexibility of fundraising from the stock market. This is immensely beneficial in the event that the company needs more capital for expanding its business or developing new property projects domestically and internationally by enabling TICON Group to promote and accommodate an exponential growth of its industrial property business.
Group posing of TICON Board of directors at 2017 Annual Ordinary General Meeting are (from left) : Mr. Uten Lohachitpitaks - Director, Mr. Panote Sirivadhanabhakdi - Director, Mr. Chai Vinichbutr - Director, Mr. Chainoi Puankosoom - Chairman of the Board and Chairman of the Audit Committee, Mr. Virapan Pulges - Chief Executive Officer, Mr. Chatchaval Jiaravanon - Director and Audit Committee's member, Mr. Threekwan Bunnag - Director and Audit Committee's member