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CSRC to review 2 IPO applications today

Nov. 23, 2009 (China Knowledge) - The China Securities Regulatory Commission will review the IPO applications of Henan Senyuan Electric Co Ltd and Hunan Kaimeite Gases Co Ltd today, the Shanghai Securities News reported.

According to the IPO prospectus, Henan Senyuan, an electrical equipment manufacturer and trader based in Xuchang, Henan Province, plans to issue up to 22 million shares, or 25.6% of its enlarged share capital, on the Shenzhen Stock Exchange. The proceeds will be used to fund three projects, which will involve a total investment of RMB 210 million.

Hu Nan Kaimeite Gases, a manufacturer of liquid carbon dioxide and dry ice, plans to issue 20 million shares, or 25% of the enlarged share capital on the Shenzhen Stock Exchange.

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