Korea Securities Depository: 52 KOSPI and KOSDAQ Companies to Be Released from Mandatory Holding Registration in November
A total of 109.23 million shares held by 52 listed companies will be released from mandatory holding registration next month.
According to the Korea Securities Depository on October 30, the shares are held by four companies on the KOSPI market (2.71 million shares) and 48 companies on the KOSDAQ market (106.52 million shares).
Mandatory holding registration is a system under which major shareholders and others register their shares with the Korea Securities Depository and are prohibited from selling them for a specified period to protect general investors. Once the mandatory holding period ends, the shares can be traded.
On the KOSPI market, 2,263,085 shares of Samhwa Electric Co., Ltd. will be released on November 20, and 183,317 shares of CI Tech will be released on November 28.
On the KOSDAQ market, 5,665,543 shares of Korchip will be released from mandatory holding registration on November 7, and 3,120,240 shares of Nomus will be released on November 12.
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The Korea Securities Depository said the tally does not include shares subject to voluntary holding commitments or shares that institutional investors agreed to hold as part of the initial public offering (IPO) process.
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