BEIJING, June 10 (Xinhua) -- China's securities regulator has approved the registration of the initial public offerings (IPOs) of two companies on the science and technology innovation board.
Jiangsu Yunyong Electronics and Technology Co., Ltd, a hardware and software provider, and Efort Intelligent Equipment Co., Ltd, an Anhui-based industrial robot products and intelligent manufacturing solutions provider, 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.
It did not specify the total amount of funds to be raised.
The two companies and their underwriters will confirm the IPO dates and publish the prospectuses following discussions with the stock exchange.
The STAR market, inaugurated in June last year and designed to support companies in the high-tech and strategic emerging sectors, eases listing criteria but adopts higher requirements for information disclosure. Enditem