China greenlights two IPOs on sci-tech innovation board

0 Comment(s)Print E-mail Xinhua, March 17, 2020
Adjust font size:

BEIJING, March 17 (Xinhua) -- China's securities regulator has approved the registration-based initial public offerings (IPOs) of two companies on the science and technology innovation board.

HitGen Inc., a Sichuan-based leading pharmaceutical company and National Silicon Industry Group Co., Ltd., a Shanghai-based provider of semiconductor silicon materials, will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, the China Securities Regulatory Commission said Tuesday.

It did not specify the total amount of funds to be raised.

The companies and their underwriters will confirm the IPO dates and publish their prospectuses following discussions with the stock exchange.

The STAR market, inaugurated in June 2019 and designed to support companies in the high-tech and strategic emerging sectors, eases the listing criteria but adopts higher requirements for information disclosure. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter