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Four Chinese Companies to Make IPOs
Four Chinese companies are to make their initial public offerings (IPOs) in the coming days, upon the approval of the China Securities Regulatory Commission.
The Xinjiang International Industrial Co., Ltd. in northwest China's Xinjiang Uygur Autonomous Region will issue 70 million shares at 5.88 yuan each, while the Nanjing Iron & Steel Co., Ltd. in east China's Jiangsu Province will offer 120 million shares each priced at 6.46 yuan.
The Beijing Pioneer Food & Agriculture Co., Ltd. will issue 30 million shares of common stocks at 6.8 yuan per share, and the United Travel Co., Ltd. based in Nanjing will issue 50 million shares of common stocks at 5.86 yuan per share.
The Xinjiang company is expected to the be listed on the Shenzhen Stock Exchange after the issuance, while the three others will be listed on the Shanghai bourse.
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