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Locked shares worth 22.1 bln yuan eligible for trade

BEIJING
2017-05-27 13:04

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Locked shares worth about 22.1 billion yuan (3.2 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.

The amount is less than 22.8 billion yuan unlocked during the past week, according to Zhejiang-based Hithink Flush Information Network, a financial information provider.

About 2.3 billion shares will become tradable from May 31 to June 2, with Wintime Energy set to unlock 1.23 billion shares, the largest amount from a single company.

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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