The company completed initial public offering (IPO) counselling recordation, the formal filing of pre-IPO guidance with the China Securities Regulatory Commission (CSRC). The step is required for companies seeking to list mainland shares, known as A shares.
The listing move comes amid signs of a recovery in the A-share market in the second quarter after a slow start to the year, according to global consultancy firm Deloitte.
“We are pleased to see more activity in the A-share market” in the second quarter and first half overall, said Dick Kay, national leader of the capital market services group at Deloitte. “This demonstrates the success of regulators’ efforts to restore market confidence and improve the quality of IPO candidates and issuers.”
