China Merchants to Change Name
China Merchants Holdings (International) Company has proposed to change its name to China Merchants Port Holdings Company Limited.
The proposed change is subject to approval by shareholders through a special resolution at the AGM and confirmation by the Registrar of Companies in Hong Kong.
The company said the new name will better reflect the current strategy of the company to focus on ports and port-related businesses, providing a clearer identification and image for the company.
"The core business of the Group includes ports and port-related businesses. In recent years, the Group has been divesting its non-core businesses and it has been the Group’s strategy to strengthen and develop its ports and port-related businesses (both domestic and overseas) through investment in new projects or acquisition of high quality port-related businesses and assets. The Directors are of the view that the proposed change of the Company name to “China Merchants Port Holdings Company Limited will better reflect the current strategy of the Company to focus on ports and port-related businesses and provide a clearer identification and image for the Company," said a press release from the company.