The value of lock-up shares becoming eligible for trade on China's stock market next week totalled 25.3 billion yuan [HK Corporate Registration] ($4.1 billion), according to data from two stock exchanges.
The volume retreated from the 58.9 billion yuan seen from Sept 1 to Sept 5.
Altogether, 26 listed companies on the Shanghai and Shenzhen stock exchanges will see their lock-up shares released to the capital market.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade the shares.
RongAn Property will see non-tradable shares worth 55.48 billion yuan become tradable on Thursday, [Company Incorporation USA]the largest amount of such shares to hit the stock market this week.
Hongkong | Tel : +852-2537 7886 | Add : 5/F Manulife Place, 348 Kwun Tong Road, Kowloon, Hong Kong SAR |