Date
18 October 2017

About 16 bln yuan of shares unlocked this week, Xinhua says

Lock-up shares worth 16.1 billion yuan (US$2.6 billion) will become eligible for trade in China this week, Xinhua news agency reported on Sunday, citing data from 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, it said. Lifan Industry (Group) Co. Ltd. will see 620 million shares worth 4.02 billion yuan become tradable this week, the most of any one company to hit the markets in the week, the report said.

– Contact HKEJ digest@ejinsight.com

SK/RC

 

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