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COMPANY NEWS

SEPM Holds Board Meeting, Annual General Meeting of Subsidiaries, Participating Stock Companies

From June 24-28, 2018, the annual general meeting of 2017 and board meeting of Q2 2018 for the holding companies and participating stock companies of the energy investment cooperation project between SEP and Malta was held successfully in Shanghai. Joe Mizzi, Minister for Energy and Water Management of Malta, SEP Chairman Wang Yundan and CFO Chen Wenhao attended the meeting.

 

At the meeting, the shareholders conducted in-depth communication on the recent finance and administration work of Enemalta, land development in Marsa, annual audit report of 2017 of the company, nomination of the new chairman and vice chairman and other related issues.

 

Wang Yundan highly affirmed the achievements made by the Maltese energy investment project in 2017, and put forward a few suggestions on the next-step work of Enemalta in "increasing revenues and cutting expenditures" and enterprise development. He hoped that Enemalta would continue to promote the development of various businesses under the support and care of Maltese Energy Minister and led by the new chairman. He also believed that every small successful step of the company had a great significance to the project, and that both sides would keep on with joining hands to create "a win-win model of economic and trade cooperation between Malta and China".

 

Mizzi praised various companies for their accomplishments made in Malta and Montenegro, and expressed that Maltese government was willing to lend support to facilitate the smooth advancement of Mozura Wind Power Project in Montenegro and land development in Marsa.

 

The related leaders of SEPM and it holding companies participated in the meeting.

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