HK brokerage KVB Kunlun secures registration of new company name

Maria Nikolova

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.

Read this next

blockdag

BlockDAG Transforms Crypto Mining with X1 Beta App Launch, Raises $49.2M in Presale; SEI & BONK Developments

Uncover BlockDAG’s X1 app beta launch, reshaping mobile mining and propelling its presale to $49.2M, eclipsing BONK and SEI.

Digital Assets

Joe Biden’s campaign explores crypto donations via Coinbase

U.S. President Joe Biden’s campaign is in discussions with cryptocurrency industry players about accepting crypto donations through Coinbase Commerce, sources familiar with the matter told The Block.

Chainwire

VGX Foundation and Honeyland Partner to Offer VGX Rewards for Players

The VGX Foundation has announced a partnership with popular web3 game Honeyland, offering rewards utilizing the VGX token for their players.

Digital Assets

Terraform and Do Kwon fined $4.5 billion to settle with SEC

Terraform Labs and its co-founder Do Kwon have reached a final settlement with the U.S. Securities and Exchange Commission (SEC) regarding a fraud case, according to a court filing on Wednesday.

Retail FX

Dukascopy broadens CFD offering with Italian stocks

Switzerland’s forex bank and broker, Dukascopy has just expanded its offering to include Italian stocks and the Italy 40 Index. The new additions allow clients to access a broader range of investment opportunities in the Italian market.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Monetary Policy, US Inflation,Eurozone June 12 ,2024

The Fed meets today to decide on interest rates. A dovish shift (keeping rates steady or hinting at cuts) is expected, weakening the US dollar and potentially boosting gold prices.

blockdag

BlockDAG Leads CoinSniper Ranking as Presale Surges to $49.2M While Cardano Shows Resilience & ApeCoin Surges

Explore BlockDAG’s #1 ranking on CoinSniper listing as presale booms to $49.2M. More on ADA’s resilience & ApeCoin’s surge.

Market News, Tech and Fundamental, Technical Analysis

Gold Technical Analysis Report 12 June, 2024

Gold can be expected to rise further toward the next resistance level 2385.00, which stopped the previous minor correction B at the start of June.

<