50,000 Common Stock of Samhyun Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-JUN-2024.
June 22, 2024
Share
50,000 Common Stock of Samhyun Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-JUN-2024. These Common Stock will be under lockup for 99 days starting from 15-MAR-2024 to 22-JUN-2024.
Details:
2,500,960 shares held by Hwang Hee-jong, the largest shareholder, and 4,759,776 shares held by related parties (Hwang Seong-ho and 9 others) are required to be held and deposited at the Korea Securities Depository for one year from the listing date
Korea Investment & Securities Co., Ltd.'s 390,320 shares are scheduled to be held for one month from the listing date in accordance with Article 26, Paragraph 1, Item 4 of the KOSDAQ Market Listing Regulations.
The 806,736 shares held by three other individuals are scheduled to be voluntarily held for one year from the listing date in accordance with Article 26, Paragraph 1, Item 7 of the KOSDAQ Market Listing Regulations
Korea Investment & Securities Co., Ltd., the listing broker, provides 50,000 mandatory shares equivalent to 3% of the public offering shares (KRW 1 billion if the amount exceeds KRW 1 billion) in accordance with Article 13, Paragraph 5, Item 1, Item B of the KOSDAQ Market Listing Regulations. (equivalent quantity) is acquired and deposited for mandatory retention for 3 months after listing.
Samhyun Co Ltd is a Korea-based company principally engaged in the manufacture and sale of automobile parts. The Company is engaged in the manufacture and sale of smart actuators, smart power units and other products. In addition, the Company is engaged in the manufacture and sale of continuously variable valve durations (CVVDs), dual clutch transmission (DCT), disconnect motors and other products. The Company is also engaged in the research and development businesses.