More lock-up shares el­i­gi­ble

China Daily (Hong Kong) - - BUSINESS -

Lock-up shares worth about 47.84 bil­lion yuan ($7 bil­lion) will be­come el­i­gi­ble for trad­ing on the Shang­hai and Shen­zhen stock ex­changes this week. The amount is 42.09 per­cent more than last week, ac­cord­ing to Zhe­jiang­based Hi­think Roy­alFlush In­for­ma­tion Net­work, a fi­nan­cial in­for­ma­tion provider. Lock-up shares from 34 listed com­pa­nies will be­come trad­able from July 24 to 28. Elec­tric car­maker BYD Co Ltd is set to un­lock shares worth 12.73 bil­lion yuan on Tues­day, the largest from a sin­gle com­pany next week. Un­der China’s mar­ket rules, ma­jor share­hold­ers must wait one to two years be­fore they are per­mit­ted to sell their shares.

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