Lock-up shares worth over 21b yuan eligible for trade
Updated: 2016-07-18 07:12
(Xinhua)
|
|||||||||
BEIJING - Lock-up shares worth about 21 billion yuan ($3.15 billion) will become eligible for trade on the Shanghai and Shenzhen bourses in the coming week.
The value will be slightly lower than the previous week's 24 billion yuan, according to brokerage Southwest Securities.
The lion's share of the new shares belongs to China Railway Construction Corp. (CRCC), with more than 1.24 billion non-tradable shares worth 12.76 billion yuan unlocked Monday.
The shares will account for 9.15 percent of CRCC's total shares, CRCC said in a statement.
Other listed firms that will see large quantities of lock-up shares turn tradable include Shenzhen Ecobeauty, a company focused on gardening and landscaping, and furniture maker Sleemon.
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.
Chinese stocks closed mixed on Friday, with the benchmark Shanghai Composite Index up 0.01 percent, at 3,054.3 points, and the smaller Shenzhen index 0.28 percent lower at 10,823.21 points.
- 8-year-old boy gains 11kg to save father
- China rebuts claim it sank Vietnamese fishing boat
- China on high alert as floods kill 237
- What I want is a healthy grandson, so I will try anything I can
- China calls on US, Japan to stop twisting the facts
- Girl suffers sibling rivalry disorder after younger brother's birth
- Ten photos from around China: July 8-14
- The only surviving panda triplets weaned from milk
- First sea-air emergency drill held near Sansha
- Truck attack in Nice as France marks national day
- Picture Chinese stories: 10 illustration books you can't miss
- Theresa May: New Iron Lady in Downing Street
- Large amount of sea grass besieges Qingdao
- Monks seek tranquility inside lotus ponds
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Ministry slams US-Korean THAAD deployment
Two police officers shot at protest in Dallas
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
Chinese State Councilor Yang Jiechi to meet Kerry
Chinese stocks surge on back of MSCI rumors
Liang avoids jail in shooting death
US Weekly
Geared to go |
The place to be |