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Economy

Lock-up shares worth 28.5 bln yuan to become tradable

September 14, 2020


Abstract : Lock-up shares worth about 28.5 billion yuan (about 4.17 billion U.S. dollars) will become eligible for trade on China's bourses in the coming week.

BEIJING, Sept. 13 (Xinhua) -- Lock-up shares worth about 28.5 billion yuan (about 4.17 billion U.S. dollars) will become eligible for trade on China's bourses in the coming week.

About 1.63 billion shares will be freed up for trading from Sept. 14 to 18, according to data from financial information provider Wind.

Seven companies will see shares worth over 1 billion yuan each freed up for trading, with Zhejiang Sanhua Intelligent Controls Co, Ltd. ranking first with about 8.18 billion yuan of lock-up shares to become tradable.

Under China's stock market rules, major shareholders must wait for one to two years before they are permitted to sell their shares. Enditem

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Keyword: shares stock market

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