Sunday, June 7, 2015

ecns [expanded by feedex.net]: Lock-up shares worth over 80 bln yuan eligible for trade

ecns [expanded by feedex.net]

ecns

Lock-up shares worth over 80 bln yuan eligible for trade
http://www.ecns.cn/business/2015/06-07/168342.shtml
Jun 7th 2015, 09:22




Lock-up shares worth 81.6 billion yuan (over 13 billion U.S. dollars) will become eligible for trade on China's stock markets in the next week, slightly fewer than a week ago.


A total of 2.73 billion shares from 20 companies will be tradable on the Shanghai and Shenzhen bourses from June 8 to 12, data from Southwest Securities showed.


Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years lock-up before they are permitted to trade.


Beijing Watertek Information Technology Co., a software developer will see non-tradable shares worth around 15 billion yuan become tradable on Monday, the largest amount of such shares to hit the stock market next week.


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