Korea Securities Depository to Release Mandatory Holding Registration for 34 KOSPI and KOSDAQ Companies in October
A total of 9,932,000 shares from 34 listed companies will be released from mandatory holding registration next month.
According to the Korea Securities Depository as of September 30, by market, this comprises 1 company in the KOSPI market (7,020,000 shares) and 33 companies in the KOSDAQ market (9,230,000 shares).
The mandatory holding registration system is designed to protect general investors by requiring major shareholders to register their shares with the depository, prohibiting their sale for a set period. Once the mandatory holding period ends, the shares become available for trading.
In the KOSPI market, HJ Heavy Industries will see 7,021,063 shares released from mandatory holding on October 28.
In the KOSDAQ market, 2,859,381 shares of IMT will be released from mandatory holding on October 10, and 6,307,215 shares of Bbia on October 25.
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The Korea Securities Depository noted that this tally does not include shares held under voluntary holding commitments or those subject to mandatory holding commitments by institutional investors during the IPO process.
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