June 24 -- Guangdong Power Development (600795) will make tradable 5.98 billion restricted shares, worth 17.34 billion yuan and accounting for a 42.84-percent stake, on July 1, reports National Business Daily. The 5.98 billion shares amount to 82 percent of total shares to be lifted for trading next week.

The shares are mainly held by large state-owned enterprises, which are less likely to sell than private-run businesses. A record high of 7.3 billion restricted shares of 24 stocks worth 35.82 billion yuan in both Shanghai and Shenzhen bourses will be lifted for trading next week, according to Shanghai Great Wisdom (601519).

Shares of Shenzhen Rainbow Fine Chemical Industry (002256) and Yantai Spandex (002254) will become fully tradable after next week.

Source:Capitalvue