More lock-up shares eligible for trade

GMT 00:31 2016 Monday ,04 April

Arab Today, arab today More lock-up shares eligible for trade

China's stock market
Beijing - XINHUA

Lock-up shares worth about 8.02 billion yuan (1.23 billion U.S. dollars) will become eligible for trade on China's stock market in the coming week.

The value is smaller than the previous week's 25.6 billion yuan.

Over 544 million shares from 10 companies will become tradable on the Shanghai and Shenzhen stock exchanges from Monday to Friday, according to brokerage Southwest Securities.

New Hualian Group, a Beijing-based private enterprise whose businesses include property development, hotels and mines, will see the unlocking of 239 million non-tradable shares worth about 1.79 billion yuan on Tuesday, the largest group of shares to hit the market during the week.

Starting on Tuesday, all of the company's shares will become tradable.

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.

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