DZUG Holds 1st Extraordinary Shareholders' Meeting in 2017
In the afternoon of July 14 2017, Shanghai Dazhong Public Utilities (Group) Co., Ltd. (DZUG) held its first extraordinary shareholders' meeting in 2017 at the Jimao Hotel in Shanghai, during which 36 A-share and H-share holders and authorized representatives were present, accounting for 695,018,549 shares, or 23.54% of the Company's outstanding shares. The Meeting conformed to the Company Law, the Rules of Listed Companies' Shareholders' Meeting, the Listing Rules of Shanghai Stock Exchange and the corporate by-laws etc.
The Shareholders' Meeting voted on the proposals, which were the Private Placement of Convertible Corporate Bonds and the Issuance of Domestic and Overseas Debt Financing Instruments, as specified in the relevant notice via on-site and online voting. The lawyers from Shanghai Jinmao Partners witnessed the process on-site and issued the legal opinion.
The Meeting was chaired by the Company's Chairman Mr. Yang Guoping, who said during the Meeting that the development and reservation of public utilities projects would be the key element and long-term task regarding the Company's operations, as well as the primary propulsion for the improved core competence and sustained development of the Company. DZUG should proactively seek quality projects and M&A opportunities in the gas supply and environmental protection industries both in China and abroad, to enhance the company's overall profitability and push the strategic innovation in the Company's new financing models and transitions in the financial investment sector.
