China approves 6 new IPO applications

China’s top securities regulator has approved the initial public offering (IPO) applications of six companies.

The companies, including Yantai north Andre juice Co. Ltd, Shanxi Huhua Group Co. Ltd, and Guangdong Tengen Industrial Group Co. Ltd, will be listed on the A-share market, the China Securities Regulatory Commission (CSRC) said in a statement.

It did not specify the total amount of funds to be raised.

The companies and their underwriters will confirm IPO dates and publish their prospectuses following discussions with the stock exchanges.

China is gradually switching from an approval-based IPO system to one based on registration.

(Source: BSS)