shares worth: Over 544 million shares from 10 companies will become tradable on the Shanghai and Shenzhen stock exchanges from Monday to Friday, according to brokerage Southwest Securities, according to Xinhua China. New Hualian Group, a Beijing-based private enterprise whose businesses include property development, hotels and mines, will see the unlocking of 239 million non-tradable shares worth about 1.79 billion yuan on Tuesday, the largest group of shares to hit the market during the week. The value is smaller than the previous week 25.6 billion yuan. Starting on Tuesday, all of the company shares will become tradable. Under China market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade.
(news.financializer.com). As
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