Eco Pro Materials. (Photo = Ecopro Materials website).

 

[Alpha Biz= Reporter Paul Lee] Next month, a total of 228.83 million shares of lock-up restrictions are scheduled to be lifted for 54 companies listed on both the Korea Exchange and the KOSDAQ market, including Eco Pro Materials. If the shares subject to the lock-up are released into the market simultaneously, it could lead to short-term price volatility, necessitating caution from investors.

On the 30th, the Korea Securities Depository announced that in May, a total of 228.83 million shares of stock from 54 companies listed on both the Korea Exchange and the KOSDAQ market are scheduled to have their lock-up restrictions lifted. Among these, 50.46 million shares from 4 companies are targeted for release on the Korea Exchange, while 178.37 million shares from 50 companies are targeted for release on the KOSDAQ market. Lock-up restrictions are designed to obligate major shareholders to hold their shares for a certain period after listing, in order to protect ordinary investors.

The company with the largest volume of shares to be released is Eco Pro Materials, listed on the KOSPI market, with 22.48 million shares.

 

 

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