Moumeng Mining Co., Ltd.'s application for an IPO on the main board of the Shanghai Stock Exchange has been accepted, aiming to raise 1 billion yuan.

According to the Financial APP, on December 4th, Fujian Makeng Mining Co., Ltd. (referred to as Makeng Mining) has submitted its application for an IPO on the main board of the Shanghai Stock Exchange. CITIC Securities is the sponsor institution and the company plans to raise 1 billion RMB.