Korea Securities Depository to Release 204.22 Million Mandatory Holding Shares from 56 Companies Next Month

The Korea Securities Depository announced on April 30 that a total of 204.22 million shares from 56 listed companies, which were registered for mandatory holding for a certain period next month, will be released.

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Mandatory holding registration refers to the electronic registration of shares owned by major shareholders, restricting their disposal for a certain period at the Korea Securities Depository in order to protect general investors.

Of these, 46.25 million shares from 7 companies listed on the Korea Exchange (KOSPI) and 156.17 million shares from 49 companies listed on the KOSDAQ market will be released from mandatory holding. On May 15, approximately 1.71 million shares of Hanwha Aerospace (3% of the mandatory holding shares) will be released; on May 21 and 24, 21.19 million shares of Ecoeye (72%) and 6.83 million shares of JNB (71%), respectively, will be released.

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