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Lock-up shares worth 30.5 bln yuan to become tradable

Xinhua, January 31, 2016 Adjust font size:

Lock-up shares worth 30.5 billion yuan (4.7 billion U.S. dollars) will become eligible for trade on China's stock markets in the coming week.

About 3.44 billion shares from 27 companies will become tradable on the Shanghai and Shenzhen bourses from Monday to Friday in the last week of trading before China's Lunar New Year holiday, which begins on Feb. 7 this year, data from Southwest Securities showed Sunday.

Gangtai Holdings, a Shanghai-listed mineral resources developer, will see non-tradable shares worth 8.28 billion yuan become tradable on Friday, the largest amount to hit the market this week.

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