China OKs 4 more firms for GEM, vetoes 1

0 CommentsPrintE-mail Xinhua, September 22, 2009
Adjust font size:

China's securities regulator approved Monday applications by another four firms for listing on its Growth Enterprise Market (GEM) designed to fund start-ups.

Nanjing PANENG Technology Development Co., a Nanjing-based electricity firm, was vetoed, but no specific reasons were given.

The China Securities Regulatory Commission (CSRC) announced the results in three separate statements on its website.

It was the third batch of applicants obtaining rights for initial public offering (IPO) on the Nasdaq-style market.

The regulator approved 13 companies in two batches last week.

Ten companies, out of the approved 13, began IPO procedures Monday for listing on GEM at the end of October, according to the prospectus posted on the website of the Shenzhen Stock Exchange.

PrintE-mail Bookmark and Share

Comments

No comments.

Add your comments...

  • Your Name Required
  • Your Comment
  • Comments are moderated and generally will be posted if they are on-topic and not abusive.
Send your storiesGet more from China.org.cnMobileRSSNewsletter