Lock-up shares worth 68.3 bln yuan become tradable
Xinhua, April 5, 2015 Adjust font size:
Lock-up shares worth around 68.3 billion yuan (11.13 billion U.S. dollars) will become eligible for trade on China's stock market in the coming week.
Approximately 1.35 billion shares from 14 companies will become tradable on the Shanghai and Shenzhen stock exchanges from Tuesday to Friday, data compiled by Southwest Securities showed on Sunday.
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.
BOE Technology Group Co., Ltd., a Beijing-based display device manufacturer, will see 49.17 billion yuan of non-tradable shares unlocked on Wednesday, the largest volume to be released next week.
China's stock markets will remain closed Monday on account of the three-day holiday ending Monday to mark the traditional Tomb-Sweeping Day which falls on April 5 this year. Endi