Hanwha Ocean, DS Danseok and 45 Companies to Lift Mandatory Holding Registration Next Month

The Korea Securities Depository announced on the 31st that 305.93 million shares of 45 listed companies, including Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering), will be released from mandatory holding registration next month.

Mandatory holding registration is a system that restricts the disposal of shares held by major shareholders by registering them with the Korea Securities Depository to protect general investors.

In the KOSPI market, 103.68 million shares of 5 companies will be released, and in the KOSDAQ market, 175.25 million shares of 40 companies will be released.

The top three companies with the largest number of released shares are Hanwha Ocean (109.58 million shares), Organic T Cosmetics Holdings (60 million shares), and RaonSecure (15.44 million shares).

The top three companies with the highest ratio of released shares to issued shares are DS Danseok (50.71%), Hanwha Ocean (35.77%), and VDI (32.54%).