Nexteer Automotive Group Limited Proposes Final Dividend for the Year Ended December 31, 2022, Payable on July 10, 2023
May 18, 2023 at 08:01 am EDT
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Nexteer Automotive Group Limited announced that at the annual general meeting to be held on June 20, 2023, it will propose a final dividend of USD 0.0047 per ordinary share of HKD 0.10 each ("Shares") for the year ended December 31, 2022. The final dividend is payable on July 10, 2023 and the record date for entitlement to the proposed final dividend is June 29, 2023.
Nexteer Automotive Group Limited is an investment holding company. It is engaged in the design and manufacture of steering and driveline systems, advanced driver assistance systems (ADAS) and automated driving (AD) and components for automobile manufacturers and other automotive-related companies. Its operations are in the United States, Mexico, the Peopleâs Republic of China (China), Poland, India, Morocco and Brazil. The principal markets for its products are North America, Europe, South America, China and India. Its product line includes electric power steering & steer-by-wire, steering columns, driveline, hydraulic power steering, software and megatrend alignment. Its power steering & steer-by-wire includes Column Assist Electric Power Steering, Intermediate Shafts, Premium Eps Rack & Pinion Gears, Modular Power Packs, Single & Dual Pinion Assist EPS and others. Its steering columns include Power Tilt & Telescope, Power Rake & Telescope, Manual Rake & Telescope and others.