Regulator to review Beijing Jingkelong IPO on Oct 14

Updated: 2011-10-11 11:50

(Agencies)

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The China Securities Regulatory Commission (CSRC) will review the A-share initial public offering of Chinese retailer Beijing Jingkelong Group on Oct 14, the CSRC said on its website late on Monday.

Regulator to review Beijing Jingkelong IPO on Oct 14

Employees work on a Jingkelong signboard on the roof of one of its Beijing stores. [Photo/Asianewsphoto]

Beijing Jingkelong will issue up to 120 million shares to raise 896 million yuan ($141 million) for expansion in the Shanghai IPO.

Ping An Securities is the lead underwriter for the offering.

Beijing Jingkelong's Hong Kong-listed shares were up 4 percent at HK$6.45 ($0.83) a share in mid-morning trade on Tuesday.

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