Off the wire
• Brazil inaugurates new subway line ahead of Rio Olympics  • Xinhua China news advisory -- July 31  • More than 80 percent of tickets sold for Rio Olympics  • Chinese city mayor under investigation  • Xinhua world news summary at 0100 GMT, July 31  • Brazil leader inaugurates new subway line in lead up to Rio Olympics  • 3 dead, 1 wounded in suburban Seattle, northwestern U.S.  • Cuba may have surprises up its sleeve in athletics  • New catalyst crafted for making biodegradable plastics  • Three-member IOC panel to make final decision on Russian athletes at Rio Olympics  
You are here: 　 Home

Lock-up shares worth over 17 bln yuan eligible for trade

Xinhua, July 31, 2016 Adjust font size:

Lock-up shares worth over 17 billion yuan (about 2.56 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen bourses in the coming week.

The value is lower than the previous week's 21.6 billion yuan, according to RoyalFlush Information.

The lion's share of the new shares belongs to Shenzhen O-film Tech Company, with more than 209.45 million non-tradable shares worth 6.73 billion yuan to be unlocked Wednesday.

Other listed firms that will see large quantities of lock-up shares turn tradable include Zhejiang Crystal-optech Company, a producer of optoelectronic parts, and software developer Beijing BDStar Navigation Company.

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 sell these stocks.

Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.5 percent, closing at 2,979.34 points. Endi