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CEFC Financial Proposes Change of Company Name to Virtual Mind Holding Strategically Transforming to be an All-rounded Trendy Apparel Product Manufacturer

Retrieved on: 
Tuesday, January 11, 2022 - 1:30am

The proposed change of company name is subject to the approvals of shareholders and the Registrar of Companies in the Cayman Islands.

Key Points: 
  • The proposed change of company name is subject to the approvals of shareholders and the Registrar of Companies in the Cayman Islands.
  • The recent development in the apparel industry has been shifting its focus towards the market segment in the younger generation with trendy culture.
  • Qingdao Weiding is principally engaged in the research and development, production and sales of trendy and sports apparel and accessories products.
  • In view of the enormous potential in the trendy apparel market, the management of the Group plans to progressively expand the Group's trendy apparel manufacturing business in future and strategically transform its business from private label women's apparel manufacturer to an all-rounded trendy apparel product manufacturer.