The Korea Securities Depository announced on the 30th that 583.58 million shares of 55 companies, including SHIFT UP and TAEYOUNG E&C, will be released from mandatory holding registration in July.
Mandatory holding registration refers to electronic registration that restricts the disposal of shares owned by major shareholders for a certain period to protect general investors.
In the KOSPI market, 296.65 million shares of SHIFT UP and TAEYOUNG E&C will be released from mandatory holding registration next month. In the KOSDAQ market, mandatory holding registration will be lifted for 53 companies starting with Nextchip and HENG SHENG HOLDING GROUP.
The top three companies in terms of shares released compared to the total number of issued shares are ▲TAEYOUNG E&C 93.05% ▲DREAMINSIGHT 59.3% ▲Wemade Max 48.34%. The top three companies by number of shares released from mandatory holding registration are ▲TAEYOUNG E&C 27.399 million shares ▲Wemade Max 4.05 million shares ▲KANGDONG C&L 2.895 million shares.