Markets > Stocks

China approves 4 new IPO applications

Xinhua News,BEIJING
2020-05-18 09:22

Already collect

BEIJING, May 18 (Xinhua) -- China's top securities regulator has approved the initial public offering (IPO) applications of four companies.

Changzhou Kaidi Electrical Co., Ltd., Zhejiang Linor Flow Control Technology Co., Ltd., Ningbo Bohui Chemical Technology Co., Ltd. and Zhejiang Zhe Kuang Heavy Industries Co., Ltd. will be listed on the A-share market, the China Securities Regulatory Commission (CSRC) said in a statement.

It did not specify the total amount of funds to be raised.

The companies and their underwriters will confirm IPO dates and publish their prospectuses following discussions with the stock exchanges.

Under the current IPO system, new shares are subject to approval from the CSRC. China is gradually switching from an approval-based IPO system to one based on registration.
Add comments

Latest comments

Latest News
News Most Viewed