Welcome to our dedicated page for Majestic Ideal news (Ticker: MJID), a resource for investors and traders seeking the latest updates and insights on Majestic Ideal stock.
The news page for Majestic Ideal Holdings Ltd (MJID) provides an archive of company announcements and regulatory disclosures from the period when the company was listed on the Nasdaq Capital Market under the MJID ticker. During this time, the company described itself as a provider of supply chain management (SCM) services in the apparel industry, with activities connected to textile and garment manufacturing and sourcing of raw materials.
Key news items include the pricing and closing of the company’s initial public offering of ordinary shares on the Nasdaq Capital Market, along with details on the intended use of proceeds. These releases explain that the company planned to procure raw materials used in textile and garment manufacturing, broaden its customer base, enhance efficiency and SCM service capabilities, explore eco-friendly and sustainable raw materials, and broaden its sourcing chain.
Another important category of news covers corporate actions and governance developments. Press releases and related Form 6-K filings describe the extraordinary general meeting of shareholders, the approval of a change of company name from Majestic Ideal Holdings Ltd to Ping An Biomedical Co., Ltd, and the associated change in trading symbol from MJID to PASW. Additional filings report resignations and appointments of directors, chief executive officers, and chief financial officers, providing insight into changes in leadership and board composition.
Investors and researchers can use this news archive to review the company’s public communications around its IPO, its strategic focus on apparel-related SCM services and raw material sourcing, and its subsequent transition to the new corporate identity of Ping An Biomedical Co., Ltd. For ongoing developments after the ticker change, users should also consider news associated with the PASW symbol.
Majestic Ideal Holdings (NASDAQ: MJID) announced that shareholders approved changing the company's name to Ping An Biomedical Co., Ltd. at an Extraordinary General Meeting held on September 12, 2025, in Hong Kong.
The name change, which includes updating the Chinese name from "威美控股有限公司" to "平安生物医药有限公司", will become effective upon approval from the Cayman Islands Registrar of Companies. The Board believes this rebranding will better reflect the company's strategic focus on biomedical and healthcare technologies.
Majestic Ideal Holdings (NASDAQ: MJID) has successfully completed its Initial Public Offering (IPO), raising $15.0 million in gross proceeds through the sale of 2,500,000 ordinary shares at $6.00 per share.
The company's shares began trading on the Nasdaq Capital Market on July 18, 2025. The underwriters have a 45-day option to purchase up to an additional 375,000 shares at the offering price. MJID plans to use the proceeds for raw materials procurement, customer base expansion, enhancing SCM service capabilities, exploring eco-friendly materials, and working capital needs.
Majestic Ideal Holdings is a supply chain management service provider in the apparel industry, offering comprehensive solutions for yarn products, textiles, and finished garments.
Majestic Ideal Holdings Limited (Nasdaq: MJID), a provider of SCM services in the apparel industry, has announced the pricing of its initial public offering at $6.00 per share for 2,500,000 ordinary shares. Trading is set to commence on the Nasdaq Capital Market on July 18, 2025, under the symbol "MJID".
The company has granted underwriters a 45-day option to purchase up to an additional 375,000 ordinary shares. The offering is expected to close on July 21, 2025. Proceeds will be used to procure raw materials, expand customer base, enhance SCM capabilities, explore eco-friendly materials, and fund working capital needs.
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