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China greenlights five ChiNext IPOs
Updated: August 16, 2020 20:11 Xinhua

BEIJING — China's top securities regulator has approved the registration for the initial public offerings (IPOs) of five companies on the ChiNext, China's Nasdaq-style board of growth enterprises.

Ningbo Jianan Electronics Co Ltd, Ningbo Daye Garden Machinery Co Ltd, Shengtak New Materials Co Ltd, Zhejiang Wellsun Intelligent Technology Co Ltd, and Anhui Hyea Aromas Co Ltd will be listed on the Shenzhen Stock Exchange's ChiNext board, the China Securities Regulatory Commission said in a statement.

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

China introduced a series of measures in June to replace the approval-based IPO system with a registration-based one on the ChiNext.

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