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The Shenzhen Stock Exchange on Monday granted the green light to the first batch of companies seeking to list on the ChiNext board under a registration-based IPO system.
The three companies — cultural event planning company Beijing FengShangShiJi Culture Media Co. Ltd., medical-device maker Contec Medical Systems Co. Ltd., and package printing company LD Intelligent Technology Co. Ltd. — have “met the requirements for issuance, listing and information disclosure,” said the Shenzhen bourse.
The bourse must now file the companies’ listing registrations with the China Securities Regulatory Commission (CSRC), the country’s top securities watchdog . . .
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