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PPA S.A. Annual General Assembly of the Financial Year 2016

Date:2017-06-30 Read times: font size:[ L M S ]

The Annual General Assembly of the PPA SA shareholders took place on Wednesday, June 28th 2017, local time.  It was attended by the Board of Directors including Mr. Wan Min, President of COSCO SHIPPING and Chairman of PPA SA, Mr. Fu Chengqiu, CEO of   PPA SA. The General Assembly  mainly issues the Approval of the Annual Financial Statements and the Dividend Distribution for the financial year 2016 which, as the Board of Directors proposed, amounts to €0.0892 per share.

As Mr. WAN Min noted , "The year 2016 is definitely a milestone for PPA SA as 51% of its shares transferred to COSCO Shipping Group.In 2016, the new PPA Management ensured the smooth transition and reorganization of the Company, preparing the implementation of the Investment Plan The turnover amounted to € 103.5 million showing an increase of 3.6%.The 2017 is the first year of building and developing the new PPA".

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