Winsway Enterprises proposes name change to E-Commodities Holdings

By Sheri Kasprzak

New York, July 11 – Winsway Enterprises Holdings Ltd. said Monday it is contemplating a name change to E-Commodities Holdings Ltd.

The name change will follow the completion of a rights issue and the effectiveness of the company’s restructuring.

“The group has started to upgrade its business from traditional bulk commodities trading, such as the trading of seaborne coal, Mongolian coal and petrochemical products to an integrated supply chain services platform,” said a statement from Winsway.

“Therefore, the board has proposed the change of company name and believes that a new company name will better reflect the changed company strategy.”

The name change is subject to a special resolution by the shareholders, who must approve the name change. The new name must be registered in the British Virgin Islands.

Between July 28 and Aug. 1, the company’s shares will be suspended and may not be traded during that time.

Based in Hong Kong, Winsway is an importer of coking coal. The company filed for bankruptcy on April 6 in U.S. Bankruptcy Court for the Southern District of New York under Chapter 15 case number 16-10833.

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