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China SCE Property proposes name change

China SCE Property Holdings Ltd.'s board seeks to change the Hong Kong-listed developer's name to China SCE Group Holdings Ltd., reflecting the current status of the business and for future business development.

The proposal will also change the company's Chinese name, and amend and restate its memorandum and articles of association.

Aside from its shareholders, China SCE also needs the approval of the Registrar of Companies in Cayman Islands to make the name change effective. An extraordinary general meeting will be scheduled to vote on the proposal.