Hong Kong stocks also have "small experts in rubbing hot spots", and Xinyang Maojian wants to change his name after "giving up" Moutai

Beijing News Shell Financial News (reporter Yan Xia) 2021 has passed half a year, Xinyang Maojian's new name has not been changed.

Recently, Xinyang Maojian issued an announcement that the board of directors proposed to change the company's English name from "xinyangmaojiangrouplimited" to "chinazenithchemicalgrouplimited", and adopted "China Tian chemical group co., LTD." as the company's Chinese second name to replace the existing name "Xinyang Maojian Group Co., Ltd."

For the reasons for the name change, Xinyang Maojian said: Recently, the government has increased energy conservation and emission reduction policies and promised to achieve carbon neutrality, so it has cancelled the preferential electricity price policy in Inner Mongolia and implemented rectification, so that the coal chemical industry has developed healthily. This move has led to a long-term structural increase in the price of coal chemical products. The company will seize the opportunity of the recent continuous rise of chemical raw materials, and take advantage of the import of Russian hydropower to focus on the development of coal chemical industry chain (including calcium carbide, polyvinyl chloride and vinyl acetate) production lines in Heihe City.

In addition, the fine chemical production line in Mudanjiang City has reached the mature stage, is going through production procedures, and is expected to be officially put into production in August. Xinyang Maojian is considering using other idle land and equipment to expand product range and production to achieve the highest production efficiency.

"In the future, the company will make good use of its own advantages and refocus on the development of the chemical business." The Board is of the view that the proposed change of the company name will better reflect the reality of the Group's business development and future development direction. The Board believes that the new name will establish a more appropriate corporate image and identity for the Company, which will be conducive to the Company's business development and in the best interests of the Company and its shareholders as a whole. ”

Previously, Xinyang Maojian, a Hong Kong-listed company that had been a "fairy stock" for many years, issued an announcement in February this year proposing to change the company's name. Xinyang Maojian intends to revise the company's Chinese name and English name, of which the Chinese name will be changed from "Xinyang Maojian Group Co., Ltd." to "China Guolong Moutai Group Co., Ltd."

At that time, the change of the name of Xinyang Maojian caused heated discussion, and many netizens thought that it was "rubbing heat" and "speculating in stock prices".

Later, Xinyang Maojian issued a supplementary announcement on the company's name change, saying that "in order not to cause confusion and misunderstanding of market information", it was decided to change the name again, of which the Chinese name was changed to "China Guolong Liquor Group Co., Ltd."

On May 18, with the termination of the acquisition of the equity of Beijing Yaolailong Micro Wine Co., Ltd., Xinyang Maojian also terminated the aforementioned name change plan.

However, in the eyes of netizens, the pace of Xinyang Maojian 'rubbing hot spots' has not stopped.

According to the official website, Xinyang Maojian was formerly known as China Zenith Chemical Group Co., Ltd. and has diversified businesses. In October 2018, Xinyang Maojian completed the acquisition of Xinyang Maojian International Holdings Co., Ltd., and obtained the exclusive license for the e-commerce sales and overseas distribution rights of Xinyang Maojian Tea, a well-known Chinese tea brand.

Xinyang Maojian said: The company's goal is to promote the popular Xinyang Maojian tea to the world through e-commerce and overseas channels, providing stable returns for the group.

In addition, the listed company also has a thermal power business, construction services, coal-related chemical production business, etc.

On June 6 this year, Xinyang Maojian announced that it was studying with a professional team to establish a "specialpurpose acquisition company" (spac) and intended to conduct an initial public offering for spac, which is expected to raise 40 million to 50 million US dollars, with the aim of acquiring some potential big data and blockchain projects.

Edited by Xu Chao, Proofreader Wang Xin