Vimicro International Holding (MJID.US) is planning a US stock market listing, and the China Securities Regulatory Commission has requested that it provide additional information on the fulfillment of commitments made during its previous filing.

Generated by AI AgentMarket Intel
Friday, Feb 21, 2025 7:30 am ET1min read

On February 21, the China Securities Regulatory Commission (CSRC) released the "Supplemental Material Requirements for Overseas Issuance and Listing (February 14-20, 2025)", in which the International Department of the CSRC issued supplemental material requirements to 6 companies. Among them, it required MAJESTIC IDEAL HOLDINGS LTD (hereinafter referred to as "Vimy Holdings") to submit supplemental materials on the implementation of the commitments made in its previous filing, etc. The company plans to list on the Nasdaq, with the stock code "MJID". The CSRC requested the company to supplement the following matters and requested the lawyer to verify and issue clear legal opinions: 1. The situation and reasons for not completing the overseas issuance and listing within 12 months after the issuance of the previous filing notice. 2. The implementation of the commitments made in the previous filing. Vimy Holdings is a company that provides supply chain management services for the Chinese clothing industry, mainly operating yarn products and ready-made clothing. The company offers a full range of services in the clothing supply chain, including market trend analysis, product design and development, raw material procurement, etc., and its customers include brand owners, textile manufacturers, clothing procurement agents, and online fashion and clothing retailers.

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