KSD "1,925.9 Million Shares of 49 Companies Scheduled for Mandatory Holding Registration Release in August"

[Asia Economy Reporter Minji Lee] The Korea Securities Depository announced on the 29th that a total of 192.59 million shares of 49 listed companies with mandatory retention registration are scheduled to be released next month.

Mandatory retention registration refers to the electronic registration of shares owned by major shareholders, etc., with the Korea Securities Depository for a certain period to restrict their disposal in order to protect general investors according to relevant laws. By securities market, the Korea Exchange has 3 companies with 31.37 million shares, and the KOSDAQ market has 46 companies with 161.22 million shares.

The number of shares to be released from mandatory retention registration decreased by 69.9% compared to the previous month (639.14 million shares) and decreased by 19.6% compared to the same month last year (239.16 million shares).

The reason for the release of mandatory retention registration shares was mostly resale restrictions (subscription) in both the Korea Exchange and KOSDAQ markets. The top 3 companies in terms of the number of shares released from mandatory retention registration are East Asia Holdings Investment Limited (32.87 million shares), SM Bexel (23.60 million shares), and Organic Tea Cosmetic Holdings (14.70 million shares).

The top 3 companies by the ratio of released shares to total issued shares were ASEMS (46.53%), Wemade Max (43.86%), and Yuil Enertech (41.64%), respectively.