China greenlights 3 ChiNext IPOs

Source: Xinhua| 2020-09-06 14:08:08|Editor: huaxia

BEIJING, Sept. 6 (Xinhua) -- China's top securities regulator has approved the registration for the initial public offerings (IPOs) of three companies on the ChiNext, China's Nasdaq-style board of growth enterprises.

Guanglian Aviation Industry Co., Ltd., Beijing Topnew Info&Tech Co., Ltd. and Zhejiang Songyuan Automotive Safety Systems Co., Ltd., will be listed on the Shenzhen Stock Exchange's ChiNext board, the China Securities Regulatory Commission said in a statement.

The companies and their underwriters will confirm the IPO dates and publish respective 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. Enditem