Majestic Ideal Stock Price, News & Analysis

Majestic Ideal Holdings Ltd, formerly trading on the Nasdaq Capital Market under the ticker MJID, is associated with the textile manufacturing industry within the consumer cyclical sector. According to its initial public offering disclosures, the company describes itself as a provider of supply chain management (SCM) services in the apparel industry, offering a one-stop solution for its customers. Its activities are linked to the procurement of raw materials used in textile and garment manufacturing and to enhancing SCM service capabilities in the apparel value chain.

The company completed its initial public offering of ordinary shares on the Nasdaq Capital Market under the symbol MJID, following the effectiveness of its registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission. The IPO involved an underwriting agreement with representatives Craft Capital Management, LLC and WestPark Capital, Inc., and was accompanied by the adoption of governance documents such as a code of business conduct and ethics, and committee charters, as described in a Form 6-K filing.

Business focus and use of proceeds

In connection with its IPO, Majestic Ideal Holdings Ltd stated that it intended to use net proceeds to procure raw materials used in textile and garment manufacturing, to broaden its customer base and develop new customers, to enhance efficiency and SCM service capabilities, to explore and introduce eco-friendly and sustainable raw materials, to broaden the sourcing chain, and to fund general working capital needs. These stated objectives highlight a focus on supply chain services around apparel and textiles and on sourcing initiatives that include sustainable materials.

Corporate evolution and name change

Following its listing, the company underwent a significant corporate change. At an extraordinary general meeting of shareholders held in Hong Kong, shareholders approved a proposal to change the company’s English name from “Majestic Ideal Holdings Ltd” to “Ping An Biomedical Co., Ltd.” and its Chinese name from “威美控股有限公司” to “平安生物医药有限公司,” subject to approval by the Registrar of Companies in the Cayman Islands. A subsequent Form 6-K reported that the shareholders of Ping An Biomedical Co., Ltd., formerly known as Majestic Ideal Holdings Ltd, approved this name change and that the company anticipated its ordinary shares would commence trading on the Nasdaq Stock Market LLC under the new ticker symbol “PASW”.

This means that the ticker MJID represents the company’s historical trading symbol prior to the name and ticker change to Ping An Biomedical Co., Ltd and PASW. Investors researching MJID are therefore looking at the earlier identity and disclosures of the same corporate entity before it began trading under the new name and symbol.

Location and regulatory status

In its SEC filings, the company identifies its principal executive office as being located in Hong Kong, with references to Cheung Sha Wan, Kowloon, Hong Kong. As a foreign private issuer, it files reports with the SEC on Form 20-F and Form 6-K under the Securities Exchange Act of 1934. Its registration statement for the IPO was filed on Form F-1 and declared effective by the SEC, and subsequent current reports on Form 6-K have covered matters such as IPO-related agreements, governance policies, financial results, and corporate actions including the name and ticker symbol change.

Corporate governance developments

Post-IPO, the company reported several changes in its leadership and board composition. In a Form 6-K dated July 29, 2025, the board disclosed the resignation of its then chief executive officer and certain independent directors, citing personal reasons and no disagreement with the company or the board on matters relating to operations, policies, or practices. The same filing reported the appointment of a new chief executive officer and new independent directors.

Later, in a Form 6-K dated October 14, 2025, the company, under the name Ping An Biomedical Co., Ltd., reported further changes: the resignations of the chairperson of the board, the chief executive officer, the chief financial officer, and an independent director, again for personal reasons and not due to disagreements with the company or board. The board then appointed a new chairman, who also serves as chief executive officer and executive director, a new chief financial officer, and a new independent director. These filings provide insight into the evolving governance structure of the company during and after its transition from Majestic Ideal Holdings Ltd to Ping An Biomedical Co., Ltd.

Financial reporting

A Form 6-K dated September 29, 2025, filed under the name Majestic Ideal Holdings Ltd, indicates that the company furnished first half 2025 unaudited financial results as an exhibit, along with associated Inline XBRL instance and taxonomy documents. This demonstrates that the company provides interim financial information to the market through SEC filings, in addition to its annual reporting obligations on Form 20-F.

MJID ticker and corporate transformation

From an investor’s perspective, the symbol MJID is historically associated with Majestic Ideal Holdings Ltd as a provider of SCM services in the apparel industry, with a stated focus on textile and garment-related raw materials and supply chain efficiency. Following shareholder approval and regulatory steps, the company’s name was changed to Ping An Biomedical Co., Ltd, and the trading symbol was changed to PASW. As such, research into MJID connects directly to the early public history, IPO documentation, and initial governance and financial disclosures of the entity that later continued under the Ping An Biomedical name and PASW ticker.