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China approves another 6 GEM listings
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China's securities authorities has approved another six firms' applications for listing on the Growth Enterprise Market (GEM) Friday.

This was the second batch of applicants obtaining rights for initial public offering (IPO) on the Nasdaq-style market, the China Securities Regulatory Commission (CSRC) said on its Website.

The Commission gave the first group of seven companies the green light on Thurday.

The six companies are in the fields of new energy, logistics, outdoor activity equipment and bio-engineering technology. They will raise 2.27 billion yuan (332.84 million U.S. dollars) from the listing, according to reports on the CSRC website.

(Xinhua News Agency September 19, 2009)

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