The Korea Securities Depository announced on the 30th that 568.2 million shares of 68 listed companies, including Theborn Korea, will have their mandatory holding registration lifted next month. Mandatory holding registration is a system where the largest shareholder registers with the depository to prevent them from disposing of shares for a certain period to protect ordinary investors.
Next month, 174.82 million shares of five companies, including Theborn Korea, SAMBU Construction, and HLB Global, will have their mandatory holding registration lifted in the securities market.
In the KOSDAQ market, 387.33 million shares of 63 companies, including ISTE, Top Run Total Solution, and VALOFE, are expected to have their mandatory holding registration lifted.
The companies with a high ratio of lifted shares compared to the total number of issued shares include Capro (95.27%), SUNGWOO (74.94%), and Top Run Total Solution (74.06%). Companies with a large number of lifted shares include Capro (160.99 million shares), HIDEEP (6.12 million shares), and BTB KOREA (4.44 million shares).
The Depository noted that recruitment (transfer restriction) accounted for the largest share of the reasons for mandatory holding registration.