Lock-up shares worth ¥13.7bn eligible for trade

GMT 06:11 2014 Sunday ,21 September

Arab Today, arab today Lock-up shares worth ¥13.7bn eligible for trade

Value of lock-up shares
Beijing - XINHUA

 The value of lock-up shares becoming eligible for trade on China's stock market next week totals 13.7 billion yuan (2.2 billion U.S. dollars), according to data from two stock exchanges.
The volume retreats sharply from the 54.2 billion yuan seen in the previous week.
Altogether, lock-up shares from 29 listed companies on the Shanghai and Shenzhen stock exchanges will be released to the capital market.
Sinomach Automobile Co. Ltd will see non-tradable shares worth 4.76 billion yuan become tradable on Friday, the largest amount of such shares to hit the stock market next week.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade the shares.


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