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On January 14, President Zhou Zhongshu and CFO Shen Ling met with visiting Vice Minister of Finance Ding Xuedong.
President Zhou first extended thanks to the Ministry of Finance for its strong support to Minmetals and briefed Ding on the group’s reform and development over the past six decades since founding and its achievements in business transformation in the new century.
The main purpose of Ding's visit is to find out the business environment that the enterprise faced in the international financial crisis and the countermeasures it took. President Zhou introduced Minmetals' acquisition of the core assets of OZ Minerals in Australia and the restructuring of Hunan Nonferrous Metals Holding Group Co., Ltd. in 2009, and elaborated on the idea of future development. Vice Minister Ding said that Minmetals had made brilliant achievements over the past six decades and shown its strategic vision by M&A and restructuring amid the international financial crisis, and that the Ministry of Finance would continue to support Minmetals' development. He also hoped that Minmetals would actively assume social responsibility to contribute to national and local economic development and the improvement of national well-being. Yu Bo, General Manager of the Financial Division; He Jianzeng, General Manager of Minmetals Development Co. Ltd; Jiao Jian (in charge of work), Deputy General Manager of Minmetals Non-ferrous Metals Co. Ltd; Xing Yan, Board Secretary of Minmetals Non-ferrous Metals Co. Ltd; Jia Chen, Director General and Song Kangle, Deputy Director General of the Enterprise Department of the Ministry of Finance also attended the meeting. |
