Majestic Ideal shareholders approve name change to Ping An Biomedical

HONG KONG - Majestic Ideal Holdings Ltd (NASDAQ:MJID) shareholders have unanimously approved changing the company’s name to Ping An Biomedical Co., Ltd. during an Extraordinary General Meeting held Friday at the company’s Hong Kong office. The micro-cap company, currently valued at $24 million, has seen its stock surge 8.3% over the past week, according to InvestingPro data.

The approved resolution will change the company’s English name from Majestic Ideal Holdings Ltd to Ping An Biomedical Co., Ltd., while the Chinese name will be changed from 宏美控股有限公司 to 平安生物医药有限公司.

The name change will become effective upon registration with the Cayman Islands Registrar of Companies and issuance of a certificate of incorporation reflecting the new name.

Shareholders also authorized company directors, secretary, and registered office providers to complete all necessary filings and actions to implement the name change. Both special resolutions received approval from more than two-thirds of shareholders present in person or by proxy.

According to the company’s statement, the Board of Directors believes the name change will enhance corporate image and better align with its strategic focus on biomedical and healthcare technologies.

Majestic Ideal Holdings currently describes itself as a one-stop supply chain management service provider in the apparel industry that is also involved in healthcare and biomedical technology solutions.

The information in this article is based on a press release statement from the company.

In other recent news, Majestic Ideal Holdings Limited began trading on the Nasdaq Capital Market with its shares opening at $5.39 each. This debut price was below the initial public offering (IPO) price of $6.00 per share. The company had set its IPO price at $6.00 per share, offering 2,500,000 ordinary shares to the public. Trading under the ticker symbol "MJID," the offering was announced to close on July 21, 2025, pending customary closing conditions. Majestic Ideal is a supply chain management services provider for the apparel industry. These developments mark the company’s entry into the public market.

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