Lock-up shares worth 16.1 bln yuan eligible for trade

Date : 2013-11-26  | From : Xinhua

Lock-up shares worth 16.1 billion yuan (2.6 billion U.S. dollars) will become eligible for trade in China starting Nov. 25, according to information from China's stock exchanges.

Altogether, 20 listed companies on the Shanghai and Shenzhen stock exchanges will see 1.73 billion of their shares released to capital markets after lock-up agreements expire.

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.

Lifan Industry (Group) Co., Ltd. will see 620 million non-tradable shares worth 4.02 billion yuan become tradable next week, the most of any one company to hit stock markets next week.