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September 19, 2009

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Second batch of firms granted GEM approval

CHINA'S securities regulator yesterday approved another six applications for companies to list on the Growth-Enterprise Market.

This was the second batch of applicants to obtain the right to launch initial public offerings on the Nasdaq-style market, the China Securities Regulatory Commission said on its Website yesterday.

The six companies are in the fields of new energy, logistics, outdoor activities equipment and bioengineering. They will raise a combined 2.27 billion yuan (US$333 million) from the listings, according to the commission's Website.

The regulator gave the first group of seven companies the green light on Thursday.


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