BEIJING, April 30 China's securities regulator
said on Wednesday that it had approved three applications of
initial public offerings, ending a freeze on such approvals.
China halted new listings for 14 months from late 2012, in
what some analysts said was a move to shield sluggish domestic
equity markets from further downward pressure.
The three approved companies are Nanjing Kangni Mechanical &
Electrical Co., Ltd, Ellington Electronics Technology and
Kuaijishan Wine Company, in which Zhejiang China Light & Textile
Industrial City Group has a 34 percent stake, the
China Securities Regulatory Commission (CSRC) and Zhejiang China
Light said in separate statements.
The CSRC said a fourth IPO application, by edg (China) Corp
Ltd., had been rejected, though it did not state any reasons.
Earlier in the month, the CSRC said it would start examining
the four companies hoping to list after a slew of companies
posted draft prospectuses on its website www.csrc.gov.cn.
(Reporting by Ben Blanchard, editing by William Hardy)