Lock-up shares worth 7.9 bln yuan eligible for trade

BEIJING, July 21 (Xinhua) -- Lock-up shares worth 7.9 billion yuan (128 million U.S. dollars) will become eligible for trade next week, according to data from bourses.

The volume marked a sharp decrease from the 673.7 billion yuan seen from July 15 to 19.

Altogether, 16 listed companies on the Shanghai and Shenzhen stock exchanges will see their lock-up shares released to the capital market after the lock-up agreements expire next week.

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.

Songz Automobile Air Conditioning Co. Ltd will see non-tradable shares worth 1.7 billion yuan become tradable next week, the largest amount of such shares to hit the stock market next week.

We Recommend:
Born to lead: 2nd gen of Chinese tycoons	Model in see-through dress poses at auto show	Mortgage slaves' decade in real estate fever
2013 China Int'l Boat Show kicks off in Zhoushan	China Changchun Int'l Automobile Expo kicks off	Forbes names China's 50 best CEOs
Migrant workes' high incomes not that rosy	Chinese grads' unconventional jobs	In pictures: history of China's auto industry