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Subscription for 9 new IPOs this week expected to freeze RMB700 bln

2014-10-21 GMT+8:00

BEIJING, Oct. 20 (Xinhua) – A total of 700 billion yuan of cash is expected to be frozen for subscribing new shares of nine initial public offerings (IPOs) on Shanghai and Shenzhen bourses starting from this week, the Securities Daily quoted an insider as saying on Monday.

Among them, three companies, namely Liaoning Kelong Fine Chemical Co., Ltd. (300405.SZ), Jiangmen Idear-hanyu Electrical Joint-stock Co., Ltd. (300403.SZ) and Beijing Strong Biotechnologies, Inc (300404.SZ), will open for subscription this Thursday.

On Friday, another six companies, namely SEC Electric Machinery Co., Ltd. (603988.SZ), Sugon Information Industry Co., Ltd. (603019.SH), Ocean's King Lighting Science &Technology Co., Ltd. (002724.SZ), Shenyang Cuihua Gold and Silver Jewelry Co., Ltd. (002731.SZ), Jiangsu Pacific Quartz Co., Ltd. (603688.SH) and Shaanxi Heimao Coking Co., Ltd. (601015.SH), will be available for subscirptions.

According to the prospectus of the nine companies, they are planning to raise some 3.73 billion yuan via the IPOs.  (Edited by Li Xueqing,