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Neptune Group proposes name change

Hong Kong-listed Neptune Group Ltd is proposing to change its English name to “Rich Goldman Holdings Ltd, which it says will better reflect the group’s new focus on the money lending and hotel business.

Its Chinese name is also being proposed to change from “海王國際集團有限公司” to “金粵控股有限公司”.

In a filing to the Hong Kong Stock Exchange, Neptune said that its current name does not reflect the diversity of businesses conducted by the group.

“While the group is still engaged in its gaming business by receiving profit streams from junket operators, the group now focuses more on its money lending business and management and operation of hotel business,” said the Neptune in a filing to the Hong Kong Stock Exchange on Thursday.

“The Board considers that the Proposed Change of Company Name will provide the Company with a more appropriate corporate identification and image that would better reflect or align with the business nature and future development of the Group.”

The name change is subject to passing of a special resolution by shareholders at the next extraordinary general meeting, as well as the the issuance of a certificate of change of name by the Registrar of Companies in Hong Kong.

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