Global EditionASIA 中文双语Français
Business
Home / Business / Finance

China greenlights two IPOs on sci-tech innovation board

Xinhua | Updated: 2019-11-27 15:38
Share
Share - WeChat
[Photo/IC]

BEIJING - China's securities regulator has given the nod to the registration-based initial public offering (IPO) of two companies on the science and technology innovation board.

Giantec Semiconductor Corporation, a Shanghai-based chip products provider and CABIO Biotech (Wuhan) Co Ltd, a leading biotech company, will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.

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 and designed to focus on companies in the high-tech and strategic emerging sectors, eases the listing criteria but adopts higher requirements for information disclosure.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE