Three Chinese Firms to Make IPOs

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Thursday, May 11, 2000, updated at 09:19(GMT+8)

Business

Three Chinese Firms to Make IPOs

The China Securities Regulatory Commission (CSRC) has given three Chinese firms permits to make their initial public offerings (IPOs) on the Shanghai and Shenzhen stock exchanges.

The Anhui Tongfeng Electronic Co., Ltd. is a major producer and technical developer of electronic materials and electronic elements. Based in the city of Tongling of Anhui Province, they will issue 40 million in common stocks at 7.66 yuan per share.

The Anhui Koyo Applied Technology Development (Group) Co., Ltd. is a high-tech enterprise engaged in the development and production of bioengineering and fine chemical technologies and products.

The company plans to issue 40 million in common stocks at 10.08 yuan per share.

The third company, Advanced Technology & Materials Co., Ltd., is a high-tech company devoted to the development and production of new materials such as super-hard and high-melting materials and their products.

The company is located in a high-tech industrial zone in Beijing, and will issue 60 million in common stocks at 14.98 yuan per share.


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	The China Securities Regulatory Commission has given three Chinese firms, the Anhui Tongfeng Electronic Co., The Anhui Koyo Applied Technology Development (Group) Co., and Advanced Technology & Materials Co., Ltd., permits to make their initial public offerings (IPOs) on the Shanghai and Shenzhen stock exchanges.




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