Text: | Print|

18.3 bln yuan in lock-up shares eligible for trade

2014-05-04 14:32 Xinhua Web Editor: Qin Dexing
1

Lock-up shares worth 18.3 billion yuan ($2.97 billion) will become eligible for trading this week in China, according to data from the country's bourses.

The volume marked a decline from the 24.1 billion yuan worth of shares that became tradable last week, according to the Shanghai and Shenzhen stock exchanges.

Altogether, 2.2 billion lock-up shares of 25 listed companies will be released to the capital market after agreements expire, accounting for 0.53 percent of the total lock-up A-shares.

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 their shares.

Comments (0)
Most popular in 24h
  Archived Content
Media partners:

Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.