Ssangyong Motor and 52 other companies will release 400,000,000 shares this month
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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hoondork1977@alphabiz.co.kr | 2023-04-02 22:39:14
[Alpha Biz=(Chicago) Reporter Paul Lee] 394.48 million shares of 52 listed companies registered with the Korea Securities Depository will be lifted in April.
According to the Korea Securities Depository on the 2nd, 130.71 million shares of four companies and 263.77 million shares of 48 companies in the KOSDAQ market will be lifted from the mandatory holding registration. This is an increase of 126.8% from the previous month (173.93 million shares), an increase of 74.3% from the same period last year (226.29 million shares).
Mandatory holding registration is to electronically register stocks owned by the largest shareholders and stock takers in accordance with relevant laws with the Korea Securities Depository so that disposal is restricted for a certain period of time.
The system is designed to protect ordinary investors from a sharp drop in stock prices following the disposal of shares owned by the largest shareholders and others.
The company with the largest number of shares whose mandatory holding registration will be released this month is non-preservative drugs (94.31 million shares). Next, Ssangyong Motor (73.09 million shares) and SM Bexel (45.75 million shares) will be released in order.
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