U.S. Republican Senator Luberio requires the US Securities and Exchange Commission to prevent the application for public listing in New York, unless this electronic retailer further discloses its business operations and in ChinaCarry out the "serious risk" faced by the business.
According to Reuters, Rubyo wrote to the chairman of the US Securities and Exchange Commission on Thursday (February 15), saying that Xiyin recently decided to ask Beijing to approve its first public sales in the United States.The company's filing document accuracy serious doubt ".
China Securities Regulatory Agency passed the new regulations in 2023 to allow the China Securities Regulatory Commission to review Chinese companies to go public abroad and prevent the company's stock from publicly issued.
Hitchin and the US Securities and Exchange Commission did not immediately respond to Reuters' comment requests.
Rubio pointed out that China ’s new regulations have increased the concerns of deceiving investors in their business risks, making the company's efforts as an independent global retailer more complicated.Although Heyin is headquartered in Singapore, the company is established in China and mainly relies on thousands of third -party contract suppliers in China.
Rubio's appeal made Higin's attempt to publicize the public in the United States again.In May last year, a two -party group composed of US legislators urged the US Securities and Exchange Commission to stop Higin from listing until he confirmed that he did not use forced labor.
Rubio said in another statement to Reuters: "If Xiyin wants to enter the US stock market, then they need to abide by our rules."
