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BIZCHINA / Center |
China Life shares unlocked(China Daily)
Updated: 2008-01-08 11:34 China Life Insurance Co, the country's largest life insurer, said 600 million additional shares would be available for public trading in Shanghai on January 9. Investors who bought shares in the company's initial public offering last year could trade them this week after a 12-month "lock-in" period. China Life sold 1.5 billion shares on the mainland last year at 18.88 yuan ($2.60) each, raising 28.3 billion yuan. The stock has since tripled in value, increasing by 22.1 billion yuan the value of the 600 million shares bought at the IPO price.
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