Jun Yang Solar may change name to Jun Yang Financial
Jun Yang Solar Power Investments Ltd (HKG:0397) said Monday it is planning to change both its Chinese secondary name and its English name, as it will focus on the development of its non-solar business segments.
The company’s board proposed to change its English name to Jun Yang Financial Holdings Ltd in order to underscore its engagement in the financial services business, especially after acquiring Jun Yang Securities Co Ltd in October last year. The firm expects that this will strengthen its corporate image and identity, it noted.
Apart from developing and operating solar farms, the company makes silicon based thin-film solar photovoltaic (PV) modules. It is also active in the money lending and assets investment segments.
Both name changes will take place only if Jun Yang Solar’s shareholders and the Registrar of Companies in Bermuda approve the move. The change will not affect the rights of shareholders, the company said.