BEIJING, April 3 (Xinhua) -- China's securities regulator has approved the initial public offering (IPO) applications of five companies.
Suzhou Jiahe Foods Industry Co., Ltd., Zhejiang Provincial New Energy Investment Group Co., Ltd., Suzhou Weizhixiang Food Co., Ltd., Zhejiang Huasheng Technology Co., Ltd. and Guangdong Jushen Logistics 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
