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Zall Group shareholders unanimously back planned name change

Shareholders of China-based company Zall Group Ltd. voted in favor of the proposal to change the company's English name to Zall Smart Commerce Group Ltd.

All of the votes cast during the Hong Kong-listed company's May 30 annual general meeting were in favor of the proposed adoption of new English and dual foreign names. The votes amounted to 7,033,868,954, according to a filing.

During the announcement of its financial-year 2017 results, Zall Group said its new names will better reflect the nature of its business, which according to its website, is focused on providing supply chain property and trading services for the wholesale market. Zall Group has launched the Zallgo, Zalljinfu and Zallsoon online transaction and service platforms under its Zall Cloud Market Plan as part of its internet-oriented transformation.