ZHAOBANGJI LIFE (01660) continued its upward momentum, rising over 8% once again, with the stock price doubling over the past seven trading days. As of press time, the stock gained 8.89% to HK$0.245, with trading volume reaching HK$28.6474 million.
On the news front, ZHAOBANGJI LIFE previously announced that the board of directors has proposed changing the company's English name from "Zhaobangji Lifestyle Holdings Limited" to "Seven Elements Investment Holdings Limited," and adopting the Chinese name "七元投资控股有限公司" as its new bilingual foreign name to replace the existing Chinese name "兆邦基生活控股有限公司."
According to the announcement, the board believes that the proposed company name change will provide the company with a clearer corporate image and identity, which will be beneficial to the company's future business development. The board is confident that this move is in the overall interests of the company and its shareholders.