Lock-up shares worth 22.79b yuan eligible for trade
Updated: 2013-05-20 10:57
BEIJING - China's stock market will see 22.79 billion yuan's ($3.68 billion) worth of locked-up shares become eligible for trade next week, according to data from bourses.
A total of 1.82 billion non-tradable shares in 34 listed companies on the Shanghai and Shenzhen stock exchanges will be released to the capital market after their lock-up agreements expire next week.
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 trade the shares.
Changzhou Hongchang Electronics Co Ltd will see non-tradable shares worth 713 million yuan become tradable on Monday, the largest amount to become tradable on the Shanghai exchange next week.
Some 5.55 billion yuan in non-tradable shares of Zibo Qixiang Tengda Chemical Co Ltd will be ready for trade on Monday, the largest amount on the Shenzhen exchange next week.
Of the companies, 21 will see shares unlocked on Monday, with their combined value accounting for 84.25 percent of next week's total unlocked market size.