GUANGZHOU, China, Sept. 21, 2015 /PRNewswire/ -- On September 18, Mascotte Holdings Limited, a Hong Kong listed company, announced that it will change its name into "Hengten Networks Group Limited", with an obvious development strategic intent that two major shareholders spare no effort to develop and expand new industry.
In its announcement, Mascotte Holdings Limited (hereinafter referred to as "the Company") said that its new name not only will provide the Company with an identity of new company arising from the change of the controlling shareholder, but also will better reflect the new business strategy that will be adopted by new shareholders. "The business of Mascotte Holdings Limited has been substantially changed from manufacturing and sales into Internet community services," said a professional in securities. The birth of Hengten Networks Group Limited shows that the cooperation between Evergrande and Tencent, two major shareholders, has made a breakthrough, and both parties have officially launched a new industry in Internet community services. After Mascotte Holdings Limited is renamed, the value of the Company will be accurately measured with a reference to community O2O industry standard, which will be more conducive to the identification of investment value of the Company.
It is learned that Evergrande, the controlling shareholder, will take the 400 communities it has in China as the business starting point; Tencent, also a major shareholder, has advanced Internet technology and online resources. Under brand-new value standards, the strong background of shareholders and the advantage of clear business positioning of Hengten Networks Group Limited will also be the important basis for measuring the new value standards of the Company.
