wat a way to celebrate 60th anniversary!
The Group expects operating lease expenses (rental) and labour and raw material costs to remain high in the
next reporting period and the next 12 months, and believes that the labour market will continue to remain
tight. The Group’s new factory in Iskandar Malaysia and expanded factory facilities in Singapore at 2
Woodlands Terrace are expected to be fully operational in the coming months. These will provide the Group
with a platform to grow its business both locally and regionally.
2016 marks 60 years since Old Chang Kee was first founded in 1956. To commemorate our 60th anniversary,
the Group is pleased to announce a one-off special dividend of 3 Singapore cents per ordinary share, subject
to the approval of the Company’s shareholders at the upcoming Annual General Meeting of the Company.
The proposed one-off special dividend, together with the interim and proposed final dividend, will bring the
Group’s full year dividend payout to 6 Singapore cents per ordinary share, in line with our 60th year