Jordan Sports Acknowledges That The Infringement Proceedings Affect The Listing Process And Run Aground.

Recently,

Sports openly acknowledge the fact that the listing process has been stranded by the impact of trademark infringement litigation.

In March 5th, the lawsuit was formally filed in the second intermediate people's Court of Shanghai.

Since then, litigation and listing have been shelved.

Cause speculation.

A few days ago, some media questioned that the approval document of Jordan sports issue was invalid, because the SFC issued the "IPO listing and listing management regulations" stipulates that "the approval documents that have not been issued for more than 6 months are invalid and must be re approved by the CSRC."

In fact, the "6 months" is 6 months based on the approval documents obtained from the SFC.

Jordan sports has not yet obtained the approved documents, so there is no failure.

However, why did Jordan fail to get the approval documents of the SFC for 6 months? The reporter made a written interview on Jordan's sports, but the other side did not answer this question directly.

In the Jordan sports prospectus, the "trademark and firm risk" is listed as the first item in the "risk factor prompts".

Prospectus disclosure, "Jordan" as an ordinary foreigner's surname is not specific, and the United States former NBA star Michael Jordan, there is no corresponding relationship, there is no authorization granted.

In response to Nike's airjordan brand, Jordan sports said its brand difference was large and its identification was obvious, and the company's "Jordan" series trademark was first registered in China. Nike's "Jordan" series trademark is applied for registration in the country is rejected for review, and there is no problem of invasion.

Michael Jordan v. Jordan sports is a foreign related case.

For a long time, it is not surprising to delay for one or two years.

Then, will Jordan's sports listing plan be put on hold for a long time because of litigation?

The reporter sent an interview letter to Jordan sports regarding the progress of the proceedings, the suspension of the listing and the amount of compensation.

Jordan sports responded that the lawsuit did affect the listing process of the company, and also affected the overall development plan of the company to a certain extent. However, during this period, the operation and sale of the company had not been affected.

At present, the case is still at the stage of litigation preparation.