30b yuan lock-up shares eligible for trade
(Xinhua) Updated: 2014-08-25 10:13BEIJING - The value of lock-up shares becoming eligible for trade on China's stock market from Monday to Friday will reach 30.1 billion yuan ($4.9 billion), according to data from two stock exchanges.
A total of 15 listed companies on both the Shanghai and Shenzhen stock exchanges will see their lock-up shares become eligible for trade during next week.
Zhejiang Kaishan Compressor Co Ltd, a leading producer of air compressors in China, will see shares worth about nine billion yuan released to the market on Monday, the greatest value among the 15 companies.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up period before they are permitted to trade the shares.
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