New stock news | Megajia Stock submits second application to Hong Kong Stock Exchange

According to the disclosure on May 29 by the Hong Kong Stock Exchange, Magna Holdings Limited (referred to as Magna Holdings) has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with CICC, Citigroup, and Deutsche Bank as its joint sponsors. This is the second time the company has submitted an application to the Hong Kong Stock Exchange, having previously submitted a listing application on June 30, 2025. The prospectus shows that Magna Holdings is an automotive technology company dedicated to reshaping the future of travel. The company focuses on delivering AI-integrated domain control solutions to help OEMs build the next generation of software-defined cars. By the calculation of passenger car incremental installations, the company is the second largest supplier of integrated domain control solutions in China for the year 2024, with a market share of 9.3%.