4.3 Billion Shares of 43 Companies, 273.09 Million Shares to be Released from Mandatory Holding Registration in March

A total of 273.09 million shares of 43 listed companies registered for mandatory retention with the Korea Securities Depository are scheduled to be released next month.

The Depository announced on the 28th that 24.63 million shares of two companies, Hanwha Engine and KC Cottrell, in the KOSPI market, and 248.46 million shares of 41 companies in the KOSDAQ market are subject to mandatory retention release next month.

Mandatory retention registration refers to the electronic registration that restricts the disposal of shares owned by major shareholders for a certain period at the Depository to protect general investors.

The top three companies by the ratio of shares to be released to total issued shares are Samhyun (76.33%), Jaram Technology (57.59%), and RP Bio (48.27%).

The top three companies by the number of shares to be released from mandatory retention are GW Biotech (28.91 million shares), China Crystal New Materials Holdings (25.46 million shares), and Samhyun (24.20 million shares).