China greenlights five ChiNext IPOs

China’s securities regulator approved the initial public offering registrations of five companies on the country’s NASDAQ-style ChiNext board.

Gan Zhou Yi Hao New Materials Co., Ltd., Guangzhou Frontop Digital Creative Technology Co., Ltd., Harbin Sayyas Windows Stock Co., Ltd., Shenzhen Vital New Material Co., Ltd., and Zhejiang Wandekai Fluid Equipment Technology Co., Ltd. will be listed on the Shenzhen Stock Exchange’s board of growth enterprises, the ChiNext board, according to the China Securities Regulatory Commission.

The companies should closely follow prospectuses, issuance plans and underwriting plans when issuing stocks, the commission said.