BEIJING, Dec. 27 (Xinhua) -- Shares under lock-up agreements worth about 118.6 billion yuan (about 18.15 billion U.S. dollars) will become eligible for trading on China's bourses in the coming week.
Three companies will see shares worth over 5 billion yuan each free up for trading. Huizhou Desay SV Automotive Co., Ltd. ranks first, with about 30.52 billion yuan of shares to become tradable, according to data from Shujubao, a financial information provider run by the Securities Times.
Under China's stock market rules, major shareholders must wait one to two years before they are permitted to sell their shares.
Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.99 percent to 3,396.56 points. The Shenzhen Component Index closed 0.73 percent higher at 14,017.06 points. Enditem
A single purchase
