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Photo: LG CNS |
[Alpha Biz= Paul Lee] SEOUL – The Korea Securities Depository (KSD) announced on July 31 that 386.37 million shares from 62 listed companies, including LG CNS, will have their mandatory lock-up restrictions lifted next month.
The mandatory holding system restricts major shareholders, including controlling owners, from selling their shares for a set period to protect general investors. KSD administers the system under relevant regulations.
By market:
Main KOSPI market: 5 companies, 141.15 million shares released
KOSDAQ market: 57 companies, 245.22 million shares released
Companies with the highest ratio of shares being unlocked relative to total shares issued are:
Fine Circuit (75.16%)
Erchos (71.48%)
Motivelink (69.12%)
By absolute volume, the top three are:
Aprogen Biologics (66.07 million shares)
LG CNS (65.40 million shares)
Pharmabcine (37.10 million shares)
KSD noted that IPO-related transfer restrictions accounted for the largest portion of shares subject to the mandatory holding system.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
