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Neptune rebranding gets shareholder approval

Hong Kong-listed Neptune Group Ltd has obtained shareholder approval for its name change to “Rich Goldman Holdings Limited”.

Last month, Neptune proposed the name change, saying 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 at the time.

“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.”

More than 75 percent of the votes were casted in favor of the name change, and thus was passed as a special resolution of the company.

The name change is now just subject to the issuance of the certificate of change of name by the Registrar of Companies in Hong Kong certifying the new english and chinese name of the company.

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