Lock-up shares worth about 40 bln yuan to become tradable in China

0 Comment(s)Print E-mail Xinhua, May 12, 2024
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BEIJING, May 12 (Xinhua) -- Lock-up shares worth approximately 40 billion yuan (about 5.63 billion U.S. dollars) will be available for trading on China's bourses next week.

Nearly 2.85 billion lock-up shares will start trading on the Shanghai and Shenzhen stock exchanges, according to data from financial information provider Wind.

The aggregate market value of these shares is calculated based on closing prices on May 10, the previous trading day.

China's stock market rules stipulate that major shareholders must wait one to two years before they are permitted to sell their shares. Enditem

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