Shen Kai Group (002278.SZ) has obtained approval from the China Securities Regulatory Commission to issue shares to specific entities through a simplified procedure.

Wise Finance and Economics APP News, Shengkai Share (002278.SZ) announced that the company recently received the approval from the China Securities Regulatory Commission for the registration of the issuance of shares to specific entities by Shanghai Shengkai Petrochemical Equipment Co., Ltd. The company's registration application to issue shares to specific entities was approved.