Zuoli Kechuang Plans Name Change and Governance Overhaul in Shift to Holding Company
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Zuoli Kechuang Micro-finance Co. Ltd. plans to change its name and governance structure as it transitions to a general holding company, following the surrender of its micro-finance license in Zhejiang. The company will amend its articles of association, pending regulatory and shareholder approvals. Investors are cautioned that changes may not proceed if conditions are unmet. The latest analyst rating for the stock (HK:6866) is a Hold with a price target of HK$0.41. The company is repositioning within China's financial services landscape.
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