Kumho HT, Kolon Material and 31 Other Companies' Stocks Mandatory Lock-up Release

Release of 69.4 Million Shares by 31 Companies
Down 62.8% from Previous Month, 68.3% from Same Period Last Year

Provided by Korea Securities Depository

[Asia Economy Reporter Minwoo Lee] From next month, the mandatory lock-up period for 31 companies, including Kumho HT, will be lifted.

The Korea Securities Depository announced on the 28th that it will lift the mandatory lock-up on 69.4 million shares of these 31 companies next month. The mandatory lock-up is a measure that prevents major shareholders and underwriters from selling their shares for a certain period. This is to prevent investors from suffering losses due to a sharp drop in stock prices when these parties sell their shares.

In the KOSPI market, Kumho HT shares will be unlocked in the order of 519,480 shares (2.02%) on the 14th, 1,298,701 shares (5.04%) on the 18th, and 1,558,441 shares (6.05%) on the 28th. Additionally, 9 million shares (13.11%) of Kolon Materials on the 20th, 375,000 shares (0.87%) of Wellbiotech on the 28th, and a total of 12.75 million shares of three companies will be unlocked.

In the KOSDAQ market, starting with 2,216,350 shares (55.12%) of Handok Cleantec and 2.66 million shares (12.9%) of J-Way on the 5th, followed by 3,460,208 shares (11.73%) of Jeil Steel on the 14th, 2,260,611 shares (35.4%) of Easy Care Tech on the 22nd, and 10,001,100 shares (60.62%) of Amogreentech on the 29th, a total of 56.66 million shares will be unlocked.

The total volume of shares to be unlocked this time is 62.8% less than this month and 68.3% less than the same period last year.