Cloud Music (HKG:9899) plans to change its name to "NetEase Cloud Music Inc." from "Cloud Music Inc." as the company is better recognized through its mobile app, NetEase Cloud Music, a Tuesday filing with the Hong Kong Exchange said.
The name change is subject to the passing of a special resolution by the shareholders and approval from the Registrar of Companies of the Cayman Islands.
The online music platform's shares closed nearly 5% lower on Tuesday.
Price (HKD): $126.60, Change: $-6.4, Percent Change: -4.81%
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