Once the new name is effective, the company intends to change the names of its subsidiaries in order to adopt a consistent identity and thereafter undertake a rebranding exercise.
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The proposed name change is subject to the approval of shareholders by way of a special resolution to be tabled at the EGM. The company’s application to reserve the new name “OxPay Financial Limited” has been approved by ACRA on July 7, 2021 and has been reserved for 120 days from the date of ACRA’s approval and no further extension of name reservation will be allowed thereafter.
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