Ferretti, in Weichai the majority in the assembly. The Galassi era ends. Kkcg disputes the vote
But the minority shareholder Kkcg is making accusations of legal violations and potential hidden pacts by Chinese shareholders and is calling for a vote ban
Weichai won the majority of votes in the (still ongoing) shareholders' meeting for the renewal of the board of directors of the Ferretti Nautical Group in which the Chinese company holds a majority stake.
After 12 years, the era of Alberto Galassi at the helm of Ferretti comes to an end. The shareholders' meeting appointed the new board of directors for the next three years, with eight directors drawn from the Weichai list and one from the Kkcg Komarek list.
Tan Ning, reads a note, has been appointed chairman and tomorrow the board of directors, urgently convened, will assign the powers of CEO to Stassi Anastassov and appoint the endoconsiliar committees. Patrick Sun, Zhang Xiaomei, Federica Marchionni, Jin Zhao, Zhu Yi, and Donatella Sciuto were also appointed from the list presented by Ferretti International Holding, which obtained approximately 52.312% of the votes. From the list submitted by the shareholder Azùr (holder of 23.234%), which obtained approximately 47.443% of the votes in favour, Katarína Kohlmayer was appointed to the Board of Directors.
The meeting had opened with a double request from the representatives of the shareholder Azur, which belongs to Kkcg and holds a 23.23% stake in Ferretti's capital.
The minority shareholder asked to 'immediately inhibit the exercise of voting rights by Ferretti international holding (the spa of the Chinese Weichai that holds the relative majority, with 39.5%, of the nautical group, ndr) for the entire shareholding in Ferretti held by the same'; or, alternatively, 'postpone the present meeting to a date subsequent to the investigations underway by the competent authorities'. But there was no postponement.
