Lock-up shares worth 7.7 billion yuan (1.2 billion U.S. dollars) will become eligible for trade on China's stock markets in the coming week.
About 660 million shares from 14 companies will become tradable on the Shanghai and Shenzhen bourses from Monday to Friday, data from Southwest Securities showed Sunday. Shanghai Cooltech Power Co. Ltd., a Shenzhen-listed intelligent green power equipment provider, will see non-tradable shares worth 3.12 billion yuan become tradable on Thursday, the largest amount to hit the market during the week.
Under China's market rules, major shareholders of non-tradable stocks are subject to a lock-up period of one or two years of before they are permitted to trade.
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