China Approves Zhongji Xuechuang's Hong Kong IPO With Up to $8 Billion Funding Plan

HKEX-1.31%
According to Bloomberg, Zhongji Xuechuang Limited received approval from China's securities regulator and the Hong Kong Stock Exchange on Friday to proceed with its Hong Kong listing. The company obtained the China Securities Regulatory Commission filing notification and received the final go-ahead from HKEx. The proposed IPO could raise up to $8 billion.
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