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Lock-up shares worth 30.41 bln yuan eligible for trade

Xinhua, December 3, 2016 Adjust font size:

Lock-up shares worth about 30.41 billion yuan (about 4.41 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.

About 2.17 billion shares from 46 companies will become tradable on the exchanges from Dec. 5 to Dec. 9, according to RoyalFlush Information, a financial information service provider.

This is higher than 23.12 billion yuan of shares unlocked this week.

BBMG Corp., one of the country's top building material manufacturer, will see the unlocking of over 919 million shares, the largest group of locked-up shares to hit the market next week.

Under China's market rules, major shareholders of lock-up stocks have to wait one to two years before they are permitted to sell them.

Some 374.2 billion yuan worth of lock-up shares are predicted to be eligible for trade this month. Endi