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Eminence Enterprise Seeks New English Name After Hong Kong Registry Rejects Prior Proposal

Story Highlights
  • Eminence Enterprise will convene a special meeting to seek shareholder approval to change its English name to Asset Chain Limited while readopting the approved Chinese name.
  • The revised name change follows Hong Kong’s rejection of the previously proposed English name and, once approved in Bermuda and by shareholders, will not affect existing shareholder rights.
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Eminence Enterprise Seeks New English Name After Hong Kong Registry Rejects Prior Proposal

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Eminence Enterprise Limited ( (HK:0616) ) has shared an update.

Eminence Enterprise Limited has received notice that its previously proposed English name, Smart Chain Company Limited, was not approved by the Hong Kong Companies Registry, despite the Bermuda Registrar of Companies having granted approval for the change and for the associated Chinese name. In response, a requisitioning shareholder and Fast Upgrade Limited, together holding about 16.42% of the company’s issued share capital, have formally requested that the board convene a special general meeting to consider a revised name change to Asset Chain Limited while readopting the approved Chinese name 財富鏈有限公司 as the company’s secondary name. The further proposed change remains subject to shareholder approval by special resolution at the special general meeting and subsequent confirmation by the Bermuda Registrar, after which the company will complete the required filings in Hong Kong. The board emphasized that the new naming arrangement is intended to align better with the approved Chinese name and support smooth operations, and confirmed that the change will not affect shareholders’ rights.

The most recent analyst rating on (HK:0616) stock is a Hold with a HK$0.36 price target. To see the full list of analyst forecasts on Eminence Enterprise Limited stock, see the HK:0616 Stock Forecast page.

More about Eminence Enterprise Limited

Eminence Enterprise Limited is a Bermuda-incorporated company listed in Hong Kong (Stock Code: 616). While this announcement focuses on corporate governance matters, the group operates through its subsidiaries and is subject to both Bermuda and Hong Kong regulatory frameworks in managing its corporate structure and shareholder affairs.

Average Trading Volume: 10,515,586

Technical Sentiment Signal: Hold

Current Market Cap: HK$525.4M

Find detailed analytics on 0616 stock on TipRanks’ Stock Analysis page.

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