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China's securities regulator has approved the initial public offerings
(IPOs) of four companies on the science and technology innovation board.
Jiangsu Maixinlin Aviation Science and Technology Corp., Shanghai
Hollywave Electronic System Co., Ltd., Anhui Huaheng Biotechnology Co.,
Ltd., and Beijing Infosec Technologies Co., Ltd. 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 prospectuses following discussions with the stock exchange.
The STAR market, inaugurated in June 2019 and designed to support
companies in the high-tech and strategic emerging sectors, has eased
listing criteria but adopted higher requirements for information
disclosure.
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