June 16, 2018 / 9:10 AM / in 4 months

China stocks regulator approves 2 IPOs to raise about $155 mln -Xinhua

SHANGHAI, June 16 (Reuters) - China’s securities regulator has approved two initial public offerings (IPOs) that aim to raise a combined total of up to 1 billion yuan ($155 million), the official Xinhua news agency reported on Saturday.

Zhejiang Xinneng Solar Photovoltaic Technology Co Ltd and Xinjiang East Universe Gas Co Ltd will list on the Shanghai Stock Exchange, the news agency reported the China Securities Regulatory Commission as saying.

$1 = 6.4379 Chinese yuan Reporting by Andrew Galbraith; Editing by Tom Hogue

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