Nandu News Reporter Bei Bei previously wanted to rub the "immortal stock" Xinyang Maojian of Moutai heat and did not succeed, and wanted to change the name again.
On July 6, the reporter of the Nandu Liquor New Consumption Index Research Group noted that the Hong Kong stock Xinyang Maojian once again disclosed the announcement of "Proposed Change of Company Name". The company said it changed its English name "Xinyang Maojian Group Limited" to "China Zenith Chemical Group Limited" and used "China Tian chemical group co., LTD." as the second name of the Chinese to replace the existing name of "Xinyang Maojian".
As for the reason for the name change, Xinyang Maojian explained that it will seize the opportunity of the recent continuous rise in the price 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 and is undergoing formal production procedures, and is expected to be officially put into production in August. "The Board is of the view that the proposed change in the company name will better reflect the current state of the Group's business development and its future direction".
Nandu reporter noted that this is the second time that Maojian in Xinyang has changed its name after nearly 5 months. On February 16 this year, Xinyang Maojian announced that it would be renamed "China Guolong Moutai Group Co., Ltd.", so it received attention and discussion from all walks of life, and said that the company was suspected of "rubbing hot spots" and "touching porcelain Moutai". At the same time, after Xinyang Maojian disclosed its intention to change its name to "Guolong Maotai", on February 17, the company's stock price rose by 14.94%, but it was "beaten back to its original form" in subsequent trading days. On February 22, Xinyang Maojian announced that it would be renamed "Guolong Liquor".
However, Xinyang Maojian wants to move closer to the liquor industry, and the company claims that it "does involve the liquor business."
According to the data disclosed by Xinyang Maojian, the company recorded a turnover of about HK$68.971 million from the liquor trading business (excluding Chinese liquor), accounting for more than 30% of the company's total turnover and contributing HK$4.286 million. When it was proposed to change its name to Guolong Liquor, the company's board of directors said that "liquor revenue will become the company's main income".
According to nandu reporter, Xinyang Maojian, which has been listed on the Hong Kong stock market for more than 20 years, has changed its name many times during this period, and has used the name "Dongjun Chemical Group", "Daqing Petrochemical", "China Tian chemical", etc., of which the "China Tian chemical" to be changed this time is the company's former name from 2007 to 2018, according to the statistics of Nandu reporters, including this name change, Xinyang Maojian has been renamed 5 times since 2018. At the same time, the Nandu reporter noticed that Xinyang Maojian has changed its name several times in recent times, which is related to the current hot spots in the capital market.
Affected by the name change, Xinyang Maojian closed up 9.09% at HK$0.3 on the 6th.
![Xinyang Maojian - Distinguish classification cognition[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)