Stockholders of Vostochny (East) Port (Wrangell, Primorsky Territory) at the annual general meeting on June 30 approved the company’s annual report and balance sheet for the year 2009, including the profit and loss account, the company’s press service said.
The stockholders decided not to pay out dividends and distribute profits, to set aside funds from previous years’ income to cover losses in 2009.
Also, the stockholders elected 7 members to the Board of Directors.
The authorized capital stock of Vostochny Port is reportedly 623,605.000 rubles: 2,125,462 common stocks of nominal value 250 rubles/share and 368,958 convertible preferred stocks 250 r/s.
Vostochny Port is owned by major stockholder Eastern Stevedoring Holdings Ltd. with its 74.57% stake and the Russian Govt, that holds, through the Federal Agency for Federal Property Management 19.99% of stocks, the rest 5.44% are owned by several private entrepreneurs and entities.
Vostochny Port OJSC is the largest stevedoring company in Russia’s Far East, specializing in transshipment of coal using the conveyor equipment. The Vostochny Port’s assets include a Specialized Coal Complex and a Universal Production and Handling Facility intended for transshipment of general and bulk cargoes (coal, coke, clinker, iron ore, timber, etc.). The stevedore is capable to handle metals, pulp, aluminum, chemical, long-sized and heavy cargoes. Last year the Vostochny Port Company posted a year-over-year 3-percent drop freight traffic volume, at 14.585.800 tons.
The stockholders decided not to pay out dividends and distribute profits, to set aside funds from previous years’ income to cover losses in 2009.
Also, the stockholders elected 7 members to the Board of Directors.
The authorized capital stock of Vostochny Port is reportedly 623,605.000 rubles: 2,125,462 common stocks of nominal value 250 rubles/share and 368,958 convertible preferred stocks 250 r/s.
Vostochny Port is owned by major stockholder Eastern Stevedoring Holdings Ltd. with its 74.57% stake and the Russian Govt, that holds, through the Federal Agency for Federal Property Management 19.99% of stocks, the rest 5.44% are owned by several private entrepreneurs and entities.
Vostochny Port OJSC is the largest stevedoring company in Russia’s Far East, specializing in transshipment of coal using the conveyor equipment. The Vostochny Port’s assets include a Specialized Coal Complex and a Universal Production and Handling Facility intended for transshipment of general and bulk cargoes (coal, coke, clinker, iron ore, timber, etc.). The stevedore is capable to handle metals, pulp, aluminum, chemical, long-sized and heavy cargoes. Last year the Vostochny Port Company posted a year-over-year 3-percent drop freight traffic volume, at 14.585.800 tons.