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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 12:04

Latvia's Ditton PKR motor chain company support participation in Latgale Special Economic Zone

BC, Riga, 15.02.2017.Print version
Shareholders in Latvia's Ditton Pievadkezu Rupnica (Ditton PKR) motor chain plant, based in the southeastern Latvian city of Daugavpils, supported participation of the company in the Latgale Special Economic Zone, the company said in its statement to the NASDAQ Riga.

The shareholders also decided to assign the management board to execute all the necessary procedures to obtain the status of the capital company of Latgale Special Economic Zone.


In case the proposal of the company is accepted, the company’s name will be changed to Joint Stock Company of Latgale Special Economic Zone Ditton Pievadkezu Rupnica.


The company’s board and council will also be to sign all the necessary agreements/contracts, which regulate the participation of the company in action of Latgale Special Economic Zone, as well as to terminate this participation, if such participation won’t be effective for the interests of the company.


At the same time, the shareholders elected a new council – Boriss Matvejevs, Georgijs Sorokins, Andzelina Titkova, Genadijs Zavadskis and Vadims Kazaconoks. The council by February 22 has to elect its chairman and deputy chairman.


As reported, Ditton PKR closed the first nine months of last year with EUR 5.233 mln in sales, up 6.7%  from the respective period last year, while the company’s loss dropped several times to EUR 136,457.


Ditton PKR is quoted on the NASDAQ OMX Riga Secondary List.The company's key shareholders are several individuals.






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