(Central News Agency reporter Luo Yuanjun, Taipei, 26th) Development Finance held a board of directors meeting today and decided to change its name to KGI Financial Holdings Co., Ltd., referred to as KGI Holdings. Development King stated that the name change was to integrate the group’s brand identity and create a more comprehensive brand synergy. The relevant change procedures will take effect after approval by the competent authorities.
Today’s Board of Directors meeting of Development Finance is not only a high-level personnel change and layout, but also plans to change the name of Development Finance Holdings to Kai Fund Holdings. China Development Financial Holdings was established and officially opened on December 28, 2001. It has been 22 years since it was established through share conversion.
Development King stated that this strategic plan is based on strengthening the cohesion of the group’s brand and also symbolizes a new beginning in the group’s brand development process. KGI Life officially completed its name change at the beginning of this year, achieving brand consistency for the consumer finance business within the group.
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The development fund explains that through the operations and strategic development of subsidiaries such as KGI Life, KGI Securities, KGI Bank and KGI Investments, it has laid a foundation for market recognition of the “KGI” brand; the name change to KGI Holdings not only strengthens the group’s Links between subsidiaries also help create a more consistent corporate image.
As for China Development Capital, which has more than half a century of investment experience, it maintains its current name. Development Finance stated that the relevant change procedures for the financial holding name change case will take effect after the approval of the competent authority, and the official effective date will be announced after the resolution of the shareholders’ regular meeting and the approval of the competent authority. (Editor: Yang Lanxuan) 1130426
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