Next Month, 43 Listed Companies to Release Mandatory Holding Registration of 311.16 Million Shares... SK IET, Hanpeu, etc.
[Asia Economy Reporter Lee Seon-ae] A total of 43 listed companies with 311.16 million shares registered for mandatory holding at the Korea Securities Depository will be released next month.
According to the Depository on the 29th, the volume to be released next month amounts to 66.47 million shares from 6 companies in the KOSPI market and 244.69 million shares from 37 companies in the KOSDAQ market. Mandatory holding registration is an electronic registration that restricts the disposal of shares owned by major shareholders for a certain period at the Korea Securities Depository to protect general investors in accordance with relevant laws.
The number of shares to be released from mandatory holding registration in November increased by 0.3% compared to the previous month (310.07 million shares). Compared to the same month last year (156.43 million shares), it increased by 98.9%.
The main reasons for the release of mandatory holding registration are the largest shareholder (listing) in the KOSPI market and third-party allotment paid-in capital increase (KOSDAQ) in the KOSDAQ market.
The top three companies by number of shares to be released from mandatory holding registration are Hanp (54 million shares), Korea Center (50.1 million shares), and SK IE Technology (49.91 million shares), in that order.
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The top three companies by the ratio of shares released to issued shares are Ilseung (84.5%), Hanp (70.3%), and SK IE Technology (70.0%).
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