Off the wire
China renews snowstorm alert  • China's building materials sector remains weak  • UN chief saddened by passing of Kim Young-sam, former South Korean President  • Malaysia, Australia agree to elevate ties to strategic partnership  • New Zealand upgrades ASEAN ties with boost in investment  • Snowstorms sweep across north China  • Cuba to further broaden wi-fi access  • Spotlight: 16+1 mechanism yields fruitful outcomes in CEE countries  • Profile: Prime Minister of the Czech Republic Bohuslav Sobotka  • Xinhua China news advisory -- Nov. 22  
You are here:   Home

Lock-up shares worth 40.5 bln yuan to become tradable

Xinhua, November 22, 2015 Adjust font size:

Lock-up shares worth 40.5 billion yuan (6.37 billion U.S. dollars) will become eligible for trade on China's stock market next week.

About 2.26 billion shares from 25 companies will become tradable on the Shanghai and Shenzhen bourses.

Goldenmax International Technology Ltd. listed on the Shenzhen Stock Exchange will see non-tradable shares worth around 10.5 billion yuan become tradable next week, the largest amount to hit the 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. Endi