ecns [expanded by feedex.net]: Lock-up shares worth 13.7 bln yuan eligible for trade

ecns [expanded by feedex.net]

ecns

Lock-up shares worth 13.7 bln yuan eligible for trade
http://www.ecns.cn/business/2014/09-21/135420.shtml
Sep 21st 2014, 02:45





2014-09-21 11:45 Xinhua Web Editor: Li Yan


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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