ecns [expanded by feedex.net]: Lock-up shares worth 42.6 bln yuan eligible for trade

ecns [expanded by feedex.net]

ecns

Lock-up shares worth 42.6 bln yuan eligible for trade
http://www.ecns.cn/2014/08-10/128740.shtml
Aug 10th 2014, 11:41





2014-08-10 20:41 Web Editor: Wang Yuxia


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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