Locked-up shares worth 130.6b yuan eligible for trade

Xinhua, BEIJING: Locked-up shares worth about 130.6 billion yuan (around 19.5 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.
About 3.89 billion shares from 35 companies will become tradable on the exchanges from October 31 to November 4, according to RoyalFlush Information, a financial information service provider.
Guangdong Wen’s Food-stuff Group Co. will see the unlocking of 3.07 billion shares worth nearly 111.9 billion yuan, the largest group of locked-up shares to hit the 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 sell.

Locked-up shares worth 130.6b yuan eligible for trade

Xinhua, BEIJING: Locked-up shares worth about 130.6 billion yuan (around 19.5 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week. About 3.89 billion shares from 35 companies will become tradable on the exchanges from October 31 to November 4, according to RoyalFlush Information, a financial information service provider. Guangdong Wens Food-stuff Group Co. will see the unlocking of 3.07 billion shares worth nearly 111.9 billion yuan, the largest group of locked-up shares to hit the market. Under Chinas market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to sell.