China's securities regulator approves 2 new IPOs

0 Comment(s)Print E-mail Xinhua, January 19, 2019
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China's securities regulator has approved the initial public offering (IPO) applications of two companies.

The companies are Flat Glass Group Co. Ltd. and Jiangsu Lihua Animal Husbandry Co. Ltd., said the China Securities Regulatory Commission (CSRC) in a statement.

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. 

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