LED Industry Fails to Enter First Batch of Approved IPOs

Initial public offerings (IPOs) have reopened after a more than one year temporary break. China Securities Regulatory Commission (CSRC) has approved five companies on December 30th which include one company to be listed on Shanghai’s main board, one listed on Shenzhen SME board, and three GEB companies. The CSRC will approve move companies which have completed preparation for listing in the following days.

The five companies approved include: Neway Valve Co. listed on Shanghai’s main board, Guangdong Xinbao Electrical Appliance Holding Co. listed on Shenzhen SME board, and GEB companies Shenzhen Truking Technology Limited, Zhejiang Wolwo Bio-Pharmaceutical Co., and Guangdong Qtone Education Co. The distribution of the regions for the five companies is: one from Jiangsu \, two in Guangdong, one in Zhejiang, and one in Hunan. The companies finished review proceedings around May, June, and July of 2012.

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