Neptune approves name change

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The board of local junket operator Neptune Group Limited has approved a motion proposed on August 29 to change the English name of the company to Rich Goldman Holdings Limited, according to a filing of the company with the Hong Kong Stock Exchange (HKEX) yesterday.
The company also noted that it will make further announcements in relation to, among others, the effective date of the proposed change of the company name and the change of its stock short name under which the shares will be traded on the stock exchange as and when appropriate.
Regarding the reasons for the proposed change, the group noted in a previous filing that the existing name of the company, Neptune, ‘does not reflect the diversity of businesses conducted by the group.’
While ‘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,’ the company said.