China approves five new IPO applications

0 Comment(s)Print E-mail Xinhua, June 21, 2020
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BEIJING, June 20 (Xinhua) -- China's top securities regulator has approved the initial public offering (IPO) applications of five companies.

Tongqinglou Catering Co., Ltd., Xiamen Leading Optics Co., Ltd., Luoyang Xinqianglian Slewing Bearing Co., Ltd., Beijing Jiaoda Signal Technology Co., Ltd. and Sihui Fuji Electronics Technology Co., Ltd. will be listed on the A-share market, the China Securities Regulatory Commission (CSRC) said 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. Enditem

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