China approves new IPO application

0 Comment(s)Print E-mail Xinhua, March 6, 2022
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BEIJING, March 6 (Xinhua) -- China's securities regulator has approved the initial public offering (IPO) application of a Guangdong-based company.

Guangzhou Lushan New Materials Co., Ltd., a manufacturer of functional polymer materials, will be listed on the A-share market, the China Securities Regulatory Commission said in a statement.

The commission specified that the high-tech enterprise can issue no more than 23 million shares in its IPO.

The company should strictly follow the prospectus as well as the issuance and underwriting plan while issuing stocks, the regulator said. Enditem

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