SIX approves IPO by Chinese firm GEM

Zurich/Shenzhen – The SIX Swiss Exchange has approved an IPO application submitted by the Chinese company GEM. This will be the first time that a company from China can issue global depository receipts for listing on the Swiss stock exchange. On July 20, the Zurich-based SIX Swiss Exchange, approved the Chinese company GEM to issue global depository receipts (GDR) and to be listed on the SIX. With this IPO, the company, which is listed on the Shenzhen Stock Exchange in China and is active in the field of urban mining, is seeking to support European projects for the production of…