Fri, 14 Aug 2020

China greenlights four ChiNext IPOs

Xinhua
01 Aug 2020, 19:18 GMT+10

  BEIJING, Aug. 1 (Xinhua) -- China's top securities regulator has approved the registration for the initial public offerings (IPOs) of four companies on the ChiNext, China's Nasdaq-style board of growth enterprises.

Chengdu Dahongli Machinery Co., Ltd., Anker Innovations Limited, Ningbo KBE Electrical Technology Co., Ltd. and Shengyuan Environmental Protection Co., Ltd. will be listed on the Shenzhen Stock Exchange's ChiNext board, the China Securities Regulatory Commission (CSRC) said in a statement.

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

China introduced a series of measures in June to replace the approval-based IPO system with a registration-based one on the ChiNext.

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