Online subscriptions for the public listing of Guangdong Xinbao Electrical Appliances Holdings Co. Ltd. and Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. have tied up an estimated 124.5 billion (US$20.56 billion), China Securities Journal reported Friday, citing regulatory filings. The figure compares with 100 billion yuan expected by industry analysts. Meanwhile, Jiangsu Aosaikang Pharmaceutical Co. Ltd. has suspended its IPO plan. No date was given for a relaunch, the report said.
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