More lock-up shares eligible for trade

GMT 01:48 2016 Monday ,11 April

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

Lock-up shares
Beijing - XINHUA

Lock-up shares worth about 15.3 billion yuan (2.36 billion US dollars) will become eligible for trade on China's stock market in the coming week.

The value is larger than the previous week's 8.02 billion yuan.

Over 1.74 billion shares from 13 companies will become tradable on the Shanghai and Shenzhen stock exchanges from Monday to Friday, according to brokerage Southwest Securities.

Anhui Wanjiang Logistics (Group) Co., Ltd, principally engaged in the logistics, rail transportation and port businesses, will see the unlocking of 1.01 billion non-tradable shares worth about 4.91 billion yuan on Tuesday, the largest group of shares to hit the market during the 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.

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