Grammy: the public shareholders of blunt advice was moved, Chairman, said
At 07:50 on May 7, 2010
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Grammy (002,340, stock it) (002 340) after listing the first Annual General Meeting held yesterday. Reporter at the scene, the participants spoke enthusiastically shareholders, but also the future development of the company far more than for advice, which the company Chairman Xu Kaihua emotion for me. He said that shareholder activism is not just offer words and ideas to support the development of the important factors Grammy, leaving as a family company when he felt a heavy responsibility.
As the first company dedicated to recycling of waste resources, use of a listed company, Grammy attention and much sought after market. Information, the company since listing on January 22 this year, since the stock price way up, the maximum rose to 92.4 yuan, independent of the market trend in the same period. Yesterday’s shareholder meeting, both Guangdong Development Fund, Everbright Securities (601,788, stock it) and other large institutional investors, also came from the field and the small number of private shareholders, and the atmosphere was very amicable, and confidence in the company’s expectations even palpable.
Grammy’s second-largest shareholder of Guangdong Technology Venture Capital Investment 1,700 shares currently held by the participants themselves, chairman Guo-jie. He admitted that the Guangdong science and technology venture investment Grammy for more than six years, witnessed the development of the company. He that Grammy is a belief the company, and sincerely hope that the listing of Grammy can improve response to market of the decision-making capacity and the company’s manageability, to continue to expand profitable product variety, still Qi Dai company management team Nenggou Zaituo Kuan Zhanluefazhan area has The achievements.
Albert is also a Grammy Shenzhen Genesis one of the shareholders. In the future development of the company, company representatives also made very good suggestions. He believes that the current Grammy broad prospects in the industry should seize the favorable opportunity, using its own technology and capital, shares a number of timely acquisition or similar business, to expand scale and market share; Second, companies should be scrapped cars in circulation early use of the layout. In addition, new material to play to the company’s technical advantages of further integration of upstream and downstream industry chain and improvement. In this regard, the Genesis as a shareholder is willing to cause all aspects of the support.
At the meeting, an individual shareholder has expressed his Grammy expectations. He said the current management team Grammy structure could be improved. For example, the company chairman and managing director, financial director and secretaries to directorate, etc., which are our most important jobs is clearly not the best use of part-time. The shareholders also recommended that shareholders have a lot of VC bodies, management team may also consider some additional aspects of Wind investment professionals.
Xu Kaihua that shareholders have shown in the “want to think the company, anxious for the company are worried about” attitude so that he moved the concrete and specific proposals the company is very precious and valuable, is also the company’s future should be done. He also told shareholders that some thought is put on the agenda of corporate-related, are being implemented or in the pipeline, and believe it will be accountable for its shareholders.
Grammy this year under the plan, raise investment projects during the year for the completion of all the construction, productivity growth, while ensuring at the same time, the e-waste recycling system to expand beyond Hubei, Jiangxi base established, the completion of expansion of Shenzhen WPC profiles. In addition, R & D to further improve the quality of existing products, with the international market to enrich the management team and so will be the company’s top priority. 2010, the company aims to achieve income of 5 billion yuan, an increase of 40%.
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