DGAP-News
Manz AG: Representative of anchor shareholder Shanghai Electric appointed to the Supervisory Board
DGAP-News: Manz AG / Key word(s): AGM/EGM
Manz AG: Representative of anchor shareholder Shanghai Electric appointed to
the Supervisory Board
12.07.2016 / 16:25
The issuer is solely responsible for the content of this announcement.
Manz AG: Representative of anchor shareholder Shanghai Electric appointed to
the Supervisory Board
12.07.2016 / 16:25
The issuer is solely responsible for the content of this announcement.
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Manz AG: Representative of anchor shareholder Shanghai Electric appointed
to the Supervisory Board
- 2016 General Meeting conducted successfully this Tuesday
- Members of the Managing and Supervisory Boards relieved of strain
- Details of the strategic collaboration with Shanghai Electric are to be
agreed shortly
Filderstadt/Reutlingen, 12th July 2016 - Manz AG, a globally-active high-
tech equipment manufacturer with a comprehensive technology portfolio for
the three strategic business segments "Electronics", "Solar" and "Energy
Storage" successfully conducted its 2016 Annual General Meeting this
Tuesday in the FILharmonie in Filderstadt. The presence of the represented
capital stock lay at approximately 60%, all the items on the agenda were
approved.
Within the scope of the Annual General Meeting, the Managing Board reported
in detail on the restructuring measures initiated after the difficult
fiscal year 2015, in order to set up Manz AG profitably again for the
future. The central element of these measures is the entry of the Shanghai
Electric Group as anchor shareholder, which took place in May 2016. The
company is the largest manufacturer of power plants in China, and is mainly
focussed on the business segments energy efficiency, clean energy and
industrial systems construction. As a result of the planned strategic
collaboration, Guoxing Yang (48), Deputy Director of the Business
Development Department at Shanghai Electric, was appointed as member of the
Supervisory Board at Manz AG. Guoxing Yang thus takes over the mandate from
Dr.-Ing. E.h. Peter Leibinger, whom the Managing Board and Supervisory
Board would like to thank for his committment to the company.
With Shanghai Electric as a long-term orientated anchor investor and
strategic partner, Manz AG sees new opportunities for the commercialisation
of its globally-leading CIGS thin-film solar technology on the Chinese
market. Dieter Manz, CEO at Manz AG, said: "2015 was the most difficult
business year in the history of our company. We did our utmost to come out
of this situation stronger than before. With Shanghai Electric, we have
found a financially-sound, strategic partner for the future. We conduct
regular exchanges in order to design our future collaboration in the
Manz AG: Representative of anchor shareholder Shanghai Electric appointed
to the Supervisory Board
- 2016 General Meeting conducted successfully this Tuesday
- Members of the Managing and Supervisory Boards relieved of strain
- Details of the strategic collaboration with Shanghai Electric are to be
agreed shortly
Filderstadt/Reutlingen, 12th July 2016 - Manz AG, a globally-active high-
tech equipment manufacturer with a comprehensive technology portfolio for
the three strategic business segments "Electronics", "Solar" and "Energy
Storage" successfully conducted its 2016 Annual General Meeting this
Tuesday in the FILharmonie in Filderstadt. The presence of the represented
capital stock lay at approximately 60%, all the items on the agenda were
approved.
Within the scope of the Annual General Meeting, the Managing Board reported
in detail on the restructuring measures initiated after the difficult
fiscal year 2015, in order to set up Manz AG profitably again for the
future. The central element of these measures is the entry of the Shanghai
Electric Group as anchor shareholder, which took place in May 2016. The
company is the largest manufacturer of power plants in China, and is mainly
focussed on the business segments energy efficiency, clean energy and
industrial systems construction. As a result of the planned strategic
collaboration, Guoxing Yang (48), Deputy Director of the Business
Development Department at Shanghai Electric, was appointed as member of the
Supervisory Board at Manz AG. Guoxing Yang thus takes over the mandate from
Dr.-Ing. E.h. Peter Leibinger, whom the Managing Board and Supervisory
Board would like to thank for his committment to the company.
With Shanghai Electric as a long-term orientated anchor investor and
strategic partner, Manz AG sees new opportunities for the commercialisation
of its globally-leading CIGS thin-film solar technology on the Chinese
market. Dieter Manz, CEO at Manz AG, said: "2015 was the most difficult
business year in the history of our company. We did our utmost to come out
of this situation stronger than before. With Shanghai Electric, we have
found a financially-sound, strategic partner for the future. We conduct
regular exchanges in order to design our future collaboration in the
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