CSRC Terminates IPO Applications of 15 China Life Science Companies

Published: Jun 06, 2013

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by Richard Daverman, PhD

June 6, 2013 -- The China Securities Regulatory Commission has terminated the IPO applications of fifteen China life science companies. To protect investors from inflated financial reports in companies that are going public, the CSRC is conducting a thorough review of all IPO filings. However, the agency has not disclosed any reasons for denying the IPO of any particular company. Each company had to file a self-evaluation, presumably answering pointed questions, with the CSRC by May 31. More details....

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