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HYBE and Kakao Games to be released from mandatory escrow this month

Korea Economic Daily LogoKorea Economic Daily2 mo ago

HYBE and Kakao Games to be released from mandatory escrow this month - Korea Economic Daily

Quick Summary:

Mandatory escrow refers to an act of registering electronically with the Korea Securities Depository with the purpose to restrict the disposal of stocks owned by the largest shareholders for a certain period of time in order to protect small investors.By market, 58.9 million shares in nine companies in the KOSPI market and 166.6 million shares in 49 companies in the KOSDAQ market will be released.

The top companies in terms of the number of stocks that have been lifted from the escrow restriction are Mobidays (54.6 million shares) and Mastern Premier REITs No.1 (13.1 million shares).Winia Aid (64.6%) and Bumhan Fuel Cell (51.4%) ranked among the top companies in the number of shares released compared to the total number of shares outstanding.

The Korea Securities Depository said on Wednesday that 225.5 million shares of a total of 58 listed stocks registered as mandatory escrow will be lifted in December.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 10:30:23 (2 months ago)

News Timezone: GMT +8:00

Ranking: #252 (out of 6353 stories this day)

News Source URL: kedglobal.com

Language: English

Article Length: 278 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 2069831

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 6 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 21 minutes ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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  • URL: https://beamstart.com/news/hybe-and-kakao-games-to-16698588496728

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