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Another six approved for GEM listing

(Xinhua)
Updated: 2009-09-18 23:48

China's securities authorities has approved another six firms' applications for listing on the Growth Enterprise Market (GEM) Friday.

This was the second batch of applicants obtaining rights for initial public offering (IPO) on the Nasdaq-style market, the China Securities Regulatory Commission (CSRC) said on its Wibsite.

Related readings:  China gives green light to 1st GEM applicants  China sets up IPO review committee for Growth Enterprise Market  GEM draft listing rules marks step in capital market  China sets up IPO review committee for GEM

The Commission gave the first group of seven companies the green light on Thurday.

The six companies are in the fields of new energy, logistics, outdoor activity equipment and bio-engineering technology. They will raise 2.27 billion yuan ($332.84 million) from the listing, according to reports on the CSRC website.