BEIJING, March 13 (Xinhua) -- China's top securities regulator has approved the initial public offering (IPO) applications of four companies.
Zhejiang Mustang Battery Co., Ltd., Shanghai Luoman Lighting Technologies Inc., Shandong Sino-Agri United Biotechnology Co., Ltd. and Zhejiang Truelove Vogue Co., Ltd. will be listed on the A-share market, the China Securities Regulatory Commission said in a statement.
The commission did not specify the total funds to be raised.
The companies and their underwriters will confirm IPO dates and publish their prospectuses following discussions with the stock exchanges.
China is gradually switching from an approval-based IPO system to one based on registration. Enditem
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