Jeweller Soo Kee set to change its name
JEWELLERY retailer Soo Kee Group will look to change its name to SK Jewellery Group Limited at an upcoming extraordinary general meeting (EGM), it announced on Thursday evening.
The group will seek shareholders' approval at its April 30 EGM to change its name to "better reflect the profile, business activities and business direction" of the group.
More specifically, the change of name will allow investors and the group's business partners to better identify and associate the company with the "SK Jewellery" brand, Soo Kee said, which currently retails fashionable jewellery and mementoes under the SK Jewellery brand both in Singapore and overseas.
The group applied on March 6, 2018 to the Accounting and Corporate Regulatory Authority of Singapore (ACRA) to reserve the "SK Jewellery Group Limited" name, and received approval the next day.
Aside from the name change, which will be reserved until July 5, 2018, no other amendments will be made to the group's constitution, Soo Kee said.
The company advised that it will not recall existing share certificates, which will continue to be "prima facie evidence of legal title", adding that no further action was required from existing shareholders with respect to the group's existing share certificates.
Catalist-listed Soo Kee's shares last traded on March 26, 2018, closing at 14.4 Singapore cents apiece.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback
South Korea readies new system to detect illegal short-selling