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Two Chinese Firms to Make IPOs
The China Securities Regulatory Commission (CSRC) has given two Chinese firms permits to make their initial public offerings (IPOs) on the Shanghai and Shenzhen stock exchanges later this week.
The Inner Mongolia North Hauler Joint Stock Company Limited will be offering 55 million shares of common stocks at eight yuan per share.
The Hunan Jiuzhitang Co., Ltd., a producer of traditional Chinese medicine in central Hunan Province, will be issuing 40 million shares of common stocks at nine yuan per share. Part of both stocks would be available for allocation among secondary-market investors.
The North Hauler stock would be listed on the Shanghai Stock Exchange after the issuance.
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