340 Matchmaking (1) – Part 1

The next morning, Gun-Ho asked for President Song privately.

"I want to discuss further on the requirement of the company's shares dispersion in order to go public.

"We currently have less than 500 employees. So, with our company's current state, the required percentage on the stock dispersion is 30% which will result in a reduction of the major shareholder's cut."

"Hmm."

"Also, if we try too hard to fulfill the 30% of the distribution requirement to our current employees of 260, forfeited shares could occur."

"That makes sense. Some workers might not have enough money to acquire his or her rightful shares, and they could fail to meet the purchase requirement. Their shares will be forfeited then."

"That's right. The ideal scenario is that we grow this company to accommodate more than 500 employees before we register with KOSDAQ. That way, we are required to distribute only 10%."