CSRC gives nod to IPOs by 7 firms
Source: Xinhua |
March 26, 2016, Saturday
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Print Edition
Print Edition
CHINA’S securities regulator said yesterday that IPO applications by seven companies had passed its review.
The total capital raised by the seven firms is set to be no more than 2.6 billion yuan (US$400 million), the China Securities Regulatory Commission said in a statement.
Four of the seven firms will be listed on the Shanghai Stock Exchange, one on the small and medium enterprise board of Shenzhen bourse, and two on the Nasdaq-style ChiNext board.
The firms include Flyco Group Co, Zhejiang Lang Di Group and Shandong Swan Cotton Industrial Machinery Co.
China resumed IPOs last November.
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