US$11.7b shares to be unlocked
Print Edition
LOCKUP shares worth around 72.5 billion yuan (US$11.7 billion) will become eligible for trade on China’s stock market in the coming week.
Approximately 13.02 billion shares from 14 companies will become tradable on the Shanghai and Shenzhen stock exchanges from Monday to Friday, data compiled by Southwest Securities showed yesterday.
BOE Technology Group Co, a Beijing-based display device manufacturer, will see the unlocking on Wednesday of non-tradable shares worth 50.23 billion yuan, the largest volume to be released this week. Under China’s market rules, major shareholders of non-tradable stocks are subject to one or two years of lockup before they are permitted to trade the shares.
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