China greenlights five innovation IPOs


BEIJING: China’s securities regulator has approved the initial public offerings (IPOs) of five companies on the science and technology innovation board.

Beijing Sun-Novo Pharmaceutical Research Co, Ltd, JinGuan Electric Co, Ltd, China Chippacking Technology Co, Ltd, China Railway Construction Heavy Industry Co, Ltd, and Wetown Electric Group Co, Ltd will be listed on the Shanghai Stock Exchange’s sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.

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