The Hong Kong-listed financial services firm that was until recently partly owned by former Suncity Group Chairman Alvin Chau has announced a change to its corporate name and logo.
Sun International Group Limited announced Tuesday that it had secured shareholder approval to change its name Imperium Financial Group Limited, and its Chinese name from 太陽國際集團有限公司 to 帝國金融集團有限公司.
The new name reflects the ownership of the company’s Chairman and Executive Director Cheng Ting Kong, who recently acquired the full 62.82% stake he had jointly held alongside Chau via a company called First Cheer Holdings Limited.
Cheng, who also owns 50% of Suncity Group’s majority shareholder Fame Select Ltd (the other 50% is still held by Chau), is Chairman of another Hong Kong-listed company, Imperium Technology Group Limited, whose business segments include online gaming, eSports, money lending, cloud computing and the manufacturing and sale of furnishings and home products.
As previously reported by IAG, Chau had netted around US$9 million for selling off his stake in Sun International prior to his recent arrest by Macau’s Judicial Police for alleged criminal association, illegal gambling and money laundering.
The company previously said the change in company name “will better reflect the future business development of the Group” and “provide the Company with a more appropriate corporate image and identity which will benefit the Company’s future business development and is in the interests of the Company and the Shareholders as a whole.”
The newly named Imperium Financial Group Limited has interests in money lending, securities and futures brokerage, assets management services, properties investment, digital currency mining and stallions.