This article only represents the author's own views.
Majestic Ideal Holdings Ltd. The Shanghai-based company’s name sounds quite unremarkable. So does its business providing supply chain management services for textile companies.
But this obscure company could carry far larger significance than its name and business suggest, following its appearance on an announcement last week on the website of the China Securities Regulatory Commission (CSRC), China’s securities regulator. In that simple notice on Wednesday, the CSRC said Majestic Ideal had formally filed for permission to list its shares in the U.S., and that it received the application on May 30.
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