New stock news | Magnesium Excellence Shares Hong Kong IPO prospectus invalid

Magnesium Holdings Limited (referred to as Magnesium Holdings) submitted its Hong Kong stock prospectus on June 30, 2025, which expired after 6 months on December 30, 2025. CICC, Citigroup, and Deutsche Bank were its joint sponsors when submitting the prospectus. The prospectus shows that Magnesium Holdings is an innovative leading automotive technology company dedicated to reshaping the future of mobility. The company focuses on the research and development of AI-driven integrated domain control solutions to help OEMs create the next generation of software-defined cars. Although Magnesium Holdings currently focuses on the automotive sector, the technology and capabilities it has built, including modular software architecture and seamless integration of intelligent functions and hardware, are not only aimed at the progressive upgrade of traditional cars but also lay the groundwork for tomorrow's intelligent mobility and beyond.