"Among Singapore-listed firms, Teckwah potentially has one of the largest family participations ," Quarz wrote."Despite the significance, the company has consistently elected not to disclose the remuneration of seven of these family members, citing competition and the need for ‘harmonious and effective human resource management’. It was only after repeated SGX queries that in April 2020, the remuneration of a few family members were disclosed.
Quarz is urging Teckwah to increase annual dividends to S$7.4 million or 80 per cent of net income, which would work out to S$0.0315 per share, or a 6.3 per cent dividend yield. Teckwah shares last traded at S$0.50 on Monday, down half a Singapore cent or 0.99 per cent. Quarz also wants Teckwah to bring in the required industry expertise to professionalise and expedite the growth of its non-print business.
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