August 24, 2010 (FinancialWire) — Buyonate, Inc. said it has officially changed its name to China Electronics Holdings, Inc. (OTCBB: CEHD), and will trade from August 23 forward under the new ticker symbol of "CEHD" following its recent equity offerings and share exchange.

The company is a retailer of household appliances and consumer electronics serving rural China.

China Electronics raised nearly $5.3 million as it debuted on the U.S. public markets beginning in July 2010.

China-based China Electronics, through its PRC subsidiary Lu'an Guoying Electronic Sales Co., Ltd., operates a network of 600 franchise stores, 408 direct stores, and three company-owned locations in primarily rural areas of central China's Anhui Province under the brand of Guoying.

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