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Lock-up shares worth 18.1b yuan to become tradable
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LOCK-UP shares worth 18.1 billion yuan (US$2.77 billion) will become eligible for trade on China's stock markets in the coming week.
About 1.94 billion shares from 24 companies will become tradable on the Shanghai and Shenzhen bourses in the coming week, data from Southwest Securities showed Sunday.
Sinopec Oilfield Service Corporation, a Shanghai-listed company, will see non-tradable shares worth 8.71 billion yuan become tradable Thursday, the largest amount to hit the market in the coming week.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up period before they are permitted to trade.
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