Lock-up shares worth 42.3 bln yuan to become tradable
Xinhua, February 21, 2016 Adjust font size:
Lock-up shares worth 42.3 billion yuan (6.5 billion U.S. dollars) will become eligible for trade on China's stock markets in the coming week.
About 2.32 billion shares from 15 companies will become tradable on the Shanghai and Shenzhen bourses in the coming week, data from Southwest Securities showed Sunday.
SDIC Essence, a Shanghai-listed manufacturing enterprise, will see non-tradable shares worth 21.56 billion yuan become tradable on Monday, the largest amount to hit the market in the coming 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