Mandatory Stock Holding Lifted Next Month for 53 Companies Including Nexteel

The Korea Securities Depository announced on the 31st that a total of 118.78 million shares of 53 listed companies, including Humasis, which are subject to mandatory holding, are scheduled to be released in February.

Mandatory holding registration is a system where shares owned by major shareholders are electronically registered with the Depository to restrict their disposal for a certain period in order to protect general investors.

By securities market, in the KOSPI market, there are 19.71 million shares of 3 companies including Nexteel, Sama Aluminum, and POSCO International, and in the KOSDAQ market, there are 99.07 million shares of 50 companies including Humasis.

The main reason for the release of mandatory holding registration was fundraising (transfer restriction).

The top 3 companies by the number of shares released from mandatory holding registration are △Humasis (17.3 million shares) △Nexteel (16 million shares) △Mugunghwa Information Technology (14 million shares).

The top 3 companies by the ratio of released shares to issued shares are △Nexteel (61.53%) △Mugunghwa Information Technology (52.86%) △Atem (27.63%).