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Companies Approved for IPO
Approved by China Securities Regulatory Commission (CSRC), Xinjiang International Industrial Co., Ltd., and Nanjing Iron and Steel Co., Ltd., schedule to make the Initial Public Offering (IPO) through the trading systems of Shenzhen Stock Exchange and Shanghai Stock Exchange respectively.
Xinjiang International Industrial Co., Ltd., will issue 120 million shares of common stocks through placing to investors in the secondary market and online price fixing, while Nanjing Iron and Steel Co., Ltd. plans to issue 70 million shares of common stocks through online price fixing. The state owned corporate shares as well as corporate shares of the two companies will not be tradable for the period.
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