[Alpha Biz= Kim Jisun] Seoul, September 30 – The Korea Securities Depository (KSD) announced that a total of 231.82 million shares from 52 listed companies will be released from mandatory holding registration next month.
The mandatory holding registration system is designed to protect investors by restricting major shareholders and other insiders from disposing of their stakes for a certain period, with such shares held in custody at KSD until the restriction expires.
Breakdown by Market
KOSPI (Main Board): Approximately 45.42 million shares from 4 companies, including Doosan Robotics [454910] and SK Bioscience [302440], will be deregistered.
KOSDAQ (Secondary Market): About 186.4 million shares from 48 companies, including Douinsys [484120], will be released.
Highest Ratios of Deregistered Shares
On the KOSPI, Doosan Robotics will see the largest proportion of its outstanding shares released, at 34%.
On the KOSDAQ, KJet Precision will have the highest ratio, with 70% of its total issued shares deregistered.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
