HK brokerage KVB Kunlun secures registration of new company name
The English stock short name for trading in the Shares on the Stock Exchange will be changed from “KVB KUNLUN FG” to “CLSA PREMIUM” and there will be no Chinese stock short name with effect from 9:00 a.m. on December 13, 2019.
Hong Kong-focused retail Forex broker KVB Kunlun Financial Group Ltd (HKG:6877) has earlier today made an announcement regarding its name change.
Following a recent EGM, where a special resolution was passed for approving the change of the company’s name from “KVB Kunlun Financial Group Limited” to “CLSA Premium Limited”,
the Board today announces that the Registrar of Companies in the Cayman Islands issued the Certificate of Incorporation on Change of Name certifying that the change of the Company’s name from “KVB Kunlun Financial Group Limited” to “CLSA Premium Limited” was approved and registered on 31 October 2019.
The company has then applied with the Registrar of Companies in Hong Kong for registration of the new company name. The Registrar of Companies in Hong Kong issued the Certificate of Registration of Alteration of Name of Registered Non-Hong Kong Company on November 29, 2019 confirming the registration of the new Company name “CLSA Premium Limited” in Hong Kong.
Following the Proposed Name Change becoming effective, the English stock short name for trading in the Shares on the Stock Exchange will be changed from “KVB KUNLUN FG” to “CLSA PREMIUM” and there will be no Chinese stock short name with effect from 9:00 a.m. on December 13, 2019. The stock code of the Company will remain unchanged as “6877”.
The official website of the Company will be changed to “www.clsapremium.com” with effect from December 13, 2019.
Back in September, explaining the rationale for the planned name change, the Board said the new name will better reflect the fact that KVB Kunlun is part of the substantial shareholder’s group of entities, including CLSA group. Furthermore, the Board believes that the new name will provide the company with a fresh corporate image and identity, which will benefit the Group’s future business development and is in the interest of the company and its shareholders.
In addition, given that there are unaffiliated entities that are using a similar name and conducting similar business as the company, changing the name would remove any confusion that may cause to the public. The rebranding will be part of the company’s new plan and vision to better utilize and capitalize on the business know-how and potential synergies with CLSA group and its affiliates.