Lock-up shares worth 19.6 bln yuan eligible for trade

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Lock-up shares worth 19.6 billion yuan (3.18 billion U.S. dollars) will become eligible for trade next week, according to data from bourses.

The volume marked a notable decrease from the 77.6 billion yuan seen from Aug. 19 to 23.

Altogether, 24 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.

Zhejiang Sunflower Light Energy Science & Technology Co., Ltd. will see non-tradable shares worth 4.3 billion yuan become tradable next week, the largest amount of such shares to hit the stock market next week.

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