Wed, 21 Oct 2020

China greenlights three ChiNext IPOs

Xinhua
17 Oct 2020, 13:44 GMT+10

BEIJING, Oct. 17 (Xinhua) -- China's top securities regulator has given the nod to the registration for the initial public offerings (IPOs) of three companies on the ChiNext, China's Nasdaq-style board of growth enterprises.

Jiangxi Everbright Measurement and Control Technology Co., Ltd., Poly Plastic Masterbatch (SuZhou) Co., Ltd. and Dnake (Xiamen) Intelligent Technology 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 their 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.

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