ecns [expanded by feedex.net]: Lock-up shares worth 46.7 bln yuan to become tradable

ecns [expanded by feedex.net]

ecns

Lock-up shares worth 46.7 bln yuan to become tradable
http://www.ecns.cn/business/2015/05-31/167452.shtml
May 31st 2015, 00:13




Lock-up shares worth nearly 46.7 billion yuan (7.6 billion U.S. dollars) will become eligible for trade on China's stock market in the coming week.


More than 4.1 billion shares from 18 companies will become tradable on the Shanghai and Shenzhen stock exchanges from Monday to Friday, according to data compiled by market intelligence provider Tonghuashun.


Guanghui Energy Co., a Xinjiang-based energy company, will see the unlocking of nearly 2.2 billion non-tradable shares on Wednesday, the largest volume to be released 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.


The market value of these shares due next week shrank substantially from 58.1 billion yuan of stocks unlocked this week. New shares will put some downward pressure on the market due to the increase in stock supply.


The upcoming stocks will hit the market after a 6.5-percent plunge on Thursday rattled investors in Chinese shares, which have realized remarkable performance since the last quarter of 2014.




Lock-up shares worth 58.1 bln yuan eligible for trade




Lock-up shares worth 30 bln yuan eligible for trade




Lock-up shares worth over 60 bln yuan eligible for trade




Lock-up shares worth 60.8 bln yuan to become tradable




Lock-up shares worth 68.3 bln yuan become tradable
2015-04-05



Lock-up shares worth 85.06b yuan eligible for trade
2015-03-15




14th Shangri-La Dialogue kicks off in Singapore


G7 welcomes Chinese renminbi to join IMF's SDR basket


U.S. confirms detainment of former Chinese official


China castigates Abe over latest military


China new rules show mercy to kin concealment of illegal gains


Lock-up shares worth 46.7 bln yuan to become tradable


China mulls air route to Bahamas


Beijing Week celebrates Marco Polo's new Silk Road at Expo Milano 2015


Four dead, four missing after C China gas outburst


Solar Impulse 2 takes off from Nanjing





You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt