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China greenlights four sci-tech innovation IPOs

Xinhua | Updated: 2020-08-01 10:58
Investors check stock price movements at a securities brokerage in Nanjing, capital of Jiangsu province. [Photo by Qu Xing/For China Daily]

BEIJING -- China's securities regulator has approved the registration for the initial public offerings (IPOs) of four companies on the science and technology innovation board.

Beijing-based JenKem Technology Co, Ltd, Shanghai GenTech Co, Ltd, Jiangsu-based Arctech Solar Holding Co, Ltd. and Sansure Biotech Inc 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.

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

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