BrightGene Resubmits Hong Kong IPO Application
BrightGene Bio-Medical Technology (SHA:688166) has resubmitted its application to launch an initial public offering on the Hong Kong Stock Exchange.The pharmaceutical company filed a new draft application on Monday, according to a Tuesday filing with the Shanghai bourse.The proposed listing still requires regulatory approvals, including from the China Securities Regulatory Commission and Hong Kong's Securities and Futures Commission.BrightGene plans to use a portion of the proceeds for research and development of its products, including its BGM0504 injection for the treatment of obesity.Huatai International is the sole sponsor of the proposed IPO.