Lock-up shares worth 52 bln yuan eligible for trade
Xinhua, February 5, 2017 Adjust font size:
Lock-up shares worth about 52 billion yuan (about 7.57 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.
The value will be lower than the previous week's 62.3 billion yuan, according to a report in China Securities Journal.
Muyuan Food based in central Henan Province, and Xishui Strong Year based in Inner Mongolia Autonomous Region, will account for nearly half of the share value.
Under China's market rules, major shareholders have to wait one to two years before they are permitted to sell their shares.
For February, lock-up shares worth about 291.3 billion yuan will become eligible for trade on the two bourses.
On Friday, Chinese shares slipped in the first trading day of the Year of the Rooster after a week-long holiday break, with the benchmark Shanghai Composite Index closing down 0.6 percent at 3,140.17 points and the Shenzhen Component Index closing 0.47 percent lower at 10,004.84 points. Endi