The board of directors of the three LASCO Affiliated Companies have appointed James E. D. Rawle to succeed the late chairman, Lascelles Chin, who died three weeks ago.

Rawle, sitting deputy chairman, was elected chairman for LASCO Manufacturing, LASCO Distributors and LASCO Financial Services Limited at their individual board meeting, held on Thursday (June 15).

The elevation of Rawle to the chairmanship of the LASCO companies should come as no surprise, as he has long been seen as an heir apparent to Chin.

Chin, who founded the LASCO companies taking them public in 2010, died May 27. The respected business mogul and philanthropist was 86 at the time of his death.

In the meantime, the board of directors of LASCO Manufacturing Limited at its meeting yesterday approved the payment of an interim dividend of 12 cents per share to all shareholders on record at the close of business on June 30, 2023. 

The date for payment of the interim dividend will be on July 14, 2023.

At the same time, the board of directors of LASCO Distributors Limited at its meeting also held yesterday approved the payment of an interim dividend of 10 cents per share to all shareholders on record at the close of business on June 30, 2023. 

The date for payment of the interim dividend will be on July 14, 2023.