Macau-based electronic gaming machine service provider Success Dragon is proposing a change of name.
In a filing to the Hong Kong Stock Exchange on Friday, Success Dragon revealed it wants to change the company name to “ezBlock Capital International Holdings Limited” and to replace the existing Chinese name of 勝龍國際控股有限公司 to 易塊資本國際控股有限公司.
The new name, which is subject to approval by shareholders, is aimed at promoting and strengthening the company’s corporate image and enabling the group to better identify and obtain business opportunities for its future development, it said.
Success Dragon announced earlier this year its intention to “expand its business by applying blockchain technologies to improve its business operations.
“Blockchain,” it said, “could be used to track gaming machines leased by consolidating delivery records, maintenance and servicing records, usage records, agreements, invoices and payments into a single transparent, easily accessible and secure ledger.
“This will reduce the need to engage multiple systems and resources and potentially make these machines available to clients who are further away and who may not have the necessary infrastructure to accurately report the delivery, maintenance and usage records required to use these machines.”
In its latest filing, Success Dragon added that it is looking to form strategic partnerships with and invest tactically into leading fintech companies and to realign its resources in rebuilding its information technology services business – thus the need for a new company name.