Lock-up shares worth 52.8 bln yuan to become tradable
Xinhua, December 6, 2015 Adjust font size:
Lock-up shares worth 52.8 billion yuan (8.3 billion U.S. dollars) will become eligible for trade on China's stock market next week.
About 3.92 billion shares from 30 companies will become tradable on the Shanghai and Shenzhen bourses.
Chaozhou Three-circle Group, listed on the Shenzhen Stock Exchange, will see non-tradable shares worth around 13.36 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