China greenlights IPO on Nasdaq-style board

Photo taken on Aug 24, 2020 shows the Shenzhen Stock Exchange in Shenzhen, south China's Guangdong Province. (MAO SIQIAN / XINHUA)

BEIJING – China's securities regulator has approved the initial public offering registration of Kunshan Asia Aroma Corp., Ltd. on the country's Nasdaq-style board.

The company will be listed on the ChiNext board, the Shenzhen Stock Exchange's board of growth enterprises, according to the China Securities Regulatory Commission.

ALSO READ: China’s economic rebound seen despite US tightening

The issuance should be in strict accordance with the prospectus and underwriting plan submitted to the stock exchange, said the commission.