Date
21 October 2017

Locked-up shares worth 10.3 bln yuan start trading, report says

Locked-up shares worth 10.3 billion yuan (US$1.7 billion) will be eligible for trading this week on the Shanghai and Shenzhen stock exchanges, Xinhua news agency reported Sunday. The volume is less than the 39.54 billion yuan of shares that became eligible for trading in the previous trading week. Of the 14 listed firms that will release the locked-up shares, Henan Senyuan Electric Co. Ltd. leads with shares worth 2.79 billion yuan, the report said. Under mainland stock exchange rules, non-tradable stocks of major shareholders are subject to one to two years of lock-up before they are permitted to trade.

– Contact HKEJ at [email protected]

CG

 

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