Lock-up shares worth ¥42.6bn eligible for trade

GMT 09:32 2014 Sunday ,10 August

Arab Today, arab today Lock-up shares worth ¥42.6bn eligible for trade

China's stock market
Beijing - XINHUA

The value of lock-up shares becoming eligible for trade on China's stock market this week will amount to 42.6 billion yuan (6.9 billion U.S. dollars), according to data from the country's two stock exchanges.
The volume slightly decreased from the 68.7 billion yuan seen from Aug. 4 to Aug. 8.
Altogether, 24 listed companies on the Shanghai and Shenzhen stock exchanges will see their lock-up shares released to the capital market.
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.
Founder Securities will see non-tradable shares worth 15.6 billion yuan become tradable on Monday, the largest amount of such shares to hit the stock market this week.

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