China greenlights three IPOs on sci-tech innovation board

Beijing, July 11: China’s securities regulator has approved the registration for the initial public offerings (IPOs) of three companies on the science and technology innovation board.
Beijing-based Qi An Xin Technology Group Inc., a network security solutions provider, Eyebright Medical Group, a Beijing-based company focusing on the protection and caring of eyes and vision health and Hefei Jianghang Aircraft Equipment Co., Ltd, a high-tech aircraft equipment manufacturer, will be listed on the Shanghai Stock Exchange’s sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.
The companies and their underwriters will confirm the IPO dates and publish their prospectuses following discussions with the stock exchange.
The STAR market, inaugurated in June last year and designed to support companies in the high-tech and strategic emerging sectors, eases listing criteria but adopts higher requirements for information disclosure.