The mandatory holding registration of 172.43 million shares from 52 corporations, including Shinsegae Engineering & Construction and JUNJIN Construction Robot, will be lifted in February. The mandatory holding registration is a system where major shareholders are electronically registered with the Korea Securities Depository to prevent them from disposing of shares for a certain period, thereby protecting general investors.
According to the Korea Securities Depository on the 31st, the mandatory holding registration of six KOSPI-listed companies will be lifted next month. The proportion of freed shares in Shinsegae Engineering & Construction is the largest at 48.46% (3,760,554 shares). However, as the parent company Shinsegae is pushing for the delisting of Shinsegae Engineering & Construction, it is expected that there will be no market shock due to large-scale stock releases.
In addition, the mandatory holding registrations for JUNJIN Construction Robot at 21.57%, OCI at 17.36%, Chungho ICT at 7.07%, KumhoHT at 3.6%, and KUKBO at 2% are also scheduled to be lifted sequentially.
The mandatory holding registration of 46 KOSDAQ-listed companies is also scheduled to be lifted. The three companies with the highest percentage of freed shares compared to the total number of issued shares are Poongwon Precision at 63.21%, Studio Mir at 63.01%, and Furonteer at 52.06%.