Korea Securities Depository to Lift Mandatory Holding Registration for 50 Listed Companies Next Month
The Korea Securities Depository announced on March 31 that the mandatory holding registration for 363 million shares of 50 listed companies will be lifted next month.
Mandatory holding registration refers to the electronic registration of shares owned by major shareholders and others, restricting their disposal for a certain period at the depository to protect general investors.
In the KOSPI market, the restriction will be lifted for 141.24 million shares of four companies, including Myung In Pharm, Sung An Materials, KG Mobility, and Segi Corporation.
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In the KOSDAQ market, the restriction will be lifted for 221.76 million shares of 46 companies, including Quratis, Irobotics, CreoSG, and IMBDx.
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