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ChTPZ BOD to Invest Profit in Business Development

13.05.2016

Chelyabinsk Tube Rolling Plant/ChTPZ Board of Directors met on April 29 to look at last year’s performance, the company press service reports.

The BOD members accepted preliminarily the annual accounting report and the annual report for 2015 and suggested passing last year’s dividends and directing profits to the company’s investment, production, and social development.

The BOD also suggested that the shareholders vote in favor of the company Charter and internal documentation’s latest amended versions as well as approve of a number of beneficial transactions, including large-scale deals as well as prospective regular ones.

The BOD also adopted the agenda of and set the date for the annual general meeting (June 28, 2016).
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