China Securities Regulatory Commission granted IPO applications of five enterprises on Nov. 17.
Changzhou Langbo Sealing Technology Co., Ltd. was among them.
Its sponsor is Guoyuan Securities.
Langbo Technology’s main businesses include research, development, production and sales of automotive rubber parts.
The enterprise plans to raise 262 million yuan through the IPO to produce rubber parts for automotive power system and braking system and to construct an R&D center.
