BEIJING, May 30 (Xinhua) -- China's top securities regulator has approved the initial public offering (IPO) applications of four companies.
China Suntien Green Energy Co., Ltd, Chengdu Kanghua Biological Products Co., Ltd, DK Electronic Materials Co., Ltd and Shenzhen Buydeem Technology Co., Ltd. will be listed on the A-share market, the China Securities Regulatory Commission (CSRC) said in a statement.
The companies and their underwriters will confirm IPO dates and publish their prospectuses following discussions with the stock exchanges.
Under the current IPO system, new shares are subject to approval from the CSRC. China is gradually switching from an approval-based IPO system to one based on registration. Enditem