Weimi Holdings plans to go public on the US stock market, and the China Securities Regulatory Commission requires supplementary explanations regarding the fulfillment of commitments made during the previous filing

Zhitong
2025.02.21 12:23
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On February 21, the China Securities Regulatory Commission (CSRC) announced the "Supplementary Material Requirements for Overseas Issuance and Listing Filing (February 14, 2025 - February 20, 2025)", in which the International Department of the CSRC issued supplementary material requirements for 6 companies. Among them, it requires MAJESTIC IDEAL HOLDINGS LTD (hereinafter referred to as "Majestic Holdings") to provide information on the fulfillment of commitments made during the previous filing. The company plans to list on NASDAQ with the stock code "MJID". The CSRC requests the company to provide supplementary explanations on the following matters and asks lawyers to verify and provide clear legal opinions: 1. The situation and reasons for not completing the overseas issuance and listing within 12 months of the issuance of the previous filing notice. 2. The fulfillment of commitments made during the previous filing. According to the information, Majestic Holdings provides supply chain management services for the Chinese apparel industry, mainly dealing in yarn products and ready-to-wear clothing. The company offers a full range of services in the apparel supply chain, including market trend analysis, product design and development, raw material procurement, etc. Its clients include brand owners, textile manufacturers, apparel procurement agents, and online fashion and apparel retailers

According to the Zhitong Finance APP, on February 21, the China Securities Regulatory Commission (CSRC) announced the "Supplementary Material Requirements for Overseas Issuance and Listing Filing (February 14, 2025 - February 20, 2025)," in which the CSRC's International Department issued supplementary material requirements for six companies. Among them, MAJESTIC IDEAL HOLDINGS LTD (hereinafter referred to as "Majestic Holdings") was required to provide information on the fulfillment of commitments made during the previous filing. The company plans to list on NASDAQ with the stock code "MJID."

The CSRC requested the company to provide supplementary explanations on the following matters and asked lawyers to verify and provide clear legal opinions:

  1. The situation and reasons for not completing the overseas issuance and listing within 12 months of the issuance of the previous filing notice.

  2. The fulfillment of commitments made during the previous filing.

According to the information, Majestic Holdings provides supply chain management services for the Chinese apparel industry, primarily dealing in yarn products and ready-to-wear clothing. The company offers a full range of services in the apparel supply chain, including market trend analysis, product design and development, and raw material procurement. Its clients include brand owners, textile manufacturers, apparel procurement agents, and online fashion and apparel retailers

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