China greenlights three new IPO applications

BEIJING - China's securities regulator has approved the initial public offering (IPO) applications of three companies.

Qilu Bank Co Ltd, Bondex Supply Chain Management Co Ltd and Eastroc Beverage (Group) Co Ltd will be listed on the A-share market, the China Securities Regulatory Commission said in a statement.

The commission did not specify the total funds to be raised.

The companies and their underwriters will confirm IPO dates and publish their prospectuses following discussions with the stock exchanges.