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More lock-up shares eligible for trade
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LOCK-UP shares worth about 11.74 billion yuan (US$1.76 billion) will become eligible for trade on China's stock market in the coming week.
Some 840 million shares from 20 companies will become tradable on the Shanghai and Shenzhen stock exchanges from July 4 to July 10, according to Choice, a financial information service provider.
ENN Ecological Holdings, which owns and operates small-scale liquefied natural gas plants, will see the unlocking of 446 million shares worth about 5.21 billion yuan, the largest group of shares to hit the market next week.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before their shares can be traded.
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