(Reuters in New York) The United States Republican Senator requested the US Securities and Exchange Commission to refuse the application of Chinese e -commerce e -commerce Hitchin's listing in New York, unless the company further disclosed business operations and "serious risks" engaged in business activities in China.
Reuters exclusively reported that Luberi, vice chairman of the Senate Intelligence Committee, said on Thursday (February 15) to the letter to the US Securities and Exchange Commission Chairman, Gustler, saying that SHEIN recently decided to ask the Chinese government to approve the companyThe decision of the first disclosure of the stock fundraising (IPO) in the United States is seriously doubting the accuracy of the company's declaration documents.
China has recently passed the new regulations that allowing China Securities Supervision and Administration Commission to review overseas listing and community issuance that may threaten national interests.Rubio said these regulations have increased the risk of deceiving investors in terms of business risks.
Hitchin is headquartered in Singapore, but founded in China, mainly relied on Chinese third -party contract suppliers to produce cheap clothing.Hipyin spokesman replied to Lianhe Zaobao inquiries that the company did not comment on Reuters reports or IPO programs at this stage.
Rubio said in another statement written to Reuters: "If Xiyin wants to enter the US stock market, we must comply with our rules."
