China Bear-Bile Farm Operator Among 269 Companies to Pull IPO
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Fujian Guizhentang Pharmaceutical Co., a Chinese maker of bear-bile products, withdrew its application for an initial public offering as regulators increased scrutiny of companies seeking listings.
Guizhentang was among 269 companies to pull their applications this year, the China Securities Regulatory Commission said in statements on its website on May 31, without giving a reason for the withdrawals.