Shares worth 30.5 billion yuan will be allowed to place at the stock exchanges in China
Date: 13:03, 01-02-2016.
Almaty. February 1. Silkroadnews - In China shares worth 30.5 billion yuan ($4.7 billion) will be allowed for trading at the stock exchanges, Xinhua news agency reported.
In total 3.44 billion shares of 27 companies will be allocated at the Shanghai and Shenzhen Stock Exchange in last 5 working days prior to the Chinese New Year.
Among the companies offered their non-tradable shares for sale, the largest amount (8.28 billion yuan), in particular, is owned by “Gangtai Holdings” operating in the mineral resources development.
According to the Continental China’s market rules, the largest holder of non-tradable shares is not entitled to sell the shares within one or two years.
