China green lights 4 sci-tech novelty IPOs

(MENAFN) China’s securities controller has accepted the listing for the initial public offerings (IPOs) of four corporations on the science and technology novelty plank.

The China Securities Regulatory Commission stated that Wuhan Keqian Biology Co., Ltd., Road Environment Technology Co., Ltd., Zhejiang Lante Optics Co., Ltd. and Chipsea Technologies (Shenzhen) Corp., Ltd., will be scheduled on the Shanghai Stock Exchange’s sci-tech novelty board, frequently known as the STAR marketplace.

The corporations and their underwriters will corroborate the IPO dates and issue their brochures subsequent to deliberations with the stock exchange.

The STAR marketplace, installed in June last year and intended to hold up corporations in the high-tech and strategic rising sectors, eases listing criteria but adopts higher obligations for information revelation.

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