China approves 2 IPO applications

Source: Xinhua | 2018-05-21

China's securities regulator has approved IPO applications from two companies, which will raise no more than 6 billion yuan (around 941 million U.S. dollars) in the A-share market.

Dynagreen Environmental Protection Group Co., a Shenzhen-based firm, will be listed on the Shanghai Stock Exchange, while the other will be listed on the ChiNext, a NASDAQ-style board, according to the China Securities Regulatory Commission (CSRC).

Both firms and their underwriters will confirm dates and publish prospectuses following discussion with the exchanges.