The initial public offering (IPO) by Chinese battery materials producer CNGR Advanced Materials Co Ltd has been approved, according to a document filed to the Shenzhen Stock Exchange on Wednesday September 23.
CNGR has been given the greenlight to be listed on the second-board market and the company plans to sell up to 56.97 million shares to domestic investors.The battery materials producer expects to raise approximately 1.6 billion yuan ($234...