Macau junket investor Neptune Group Ltd has announced plans to change the company name to Rich Goldman Holdings Limited.
In a filing to the Hong Kong Stock Exchange on Thursday, Neptune Group cited the reason for the proposed change being that “the current name of the company does not reflect the diversity of businesses conducted by the group. While the group is 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 board considers that the proposed change of company name will provide the company with a more appropriate corporate identification and image that would better reflect or align with the business nature and future development of the group.”
Neptune Group has lost two key Macau junket partners in recent months, with Hou Wan Entertainment Ltd and Hao Cai Sociedade Unipessoal Ltd both having their promotion agreements with Venetian Macao Limited terminated.
The name change is subject to approval by shareholders.
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