[Featured Stock] Prolonged Management Dispute... Goryeo Zinc Slightly Rises↑
Korea Zinc's stock price is showing a slight upward trend.
As of 9:05 AM on the 15th, Korea Zinc was trading at 810,000 KRW on the KOSPI market, up 17,000 KRW (2.14%) from the previous trading day.
MBK Partners and Young Poong, who are attempting to acquire management rights of Korea Zinc, secured more than 5% of Korea Zinc's shares through a tender offer the day before.
![[Featured Stock] Prolonged Management Dispute... Goryeo Zinc Slightly Rises↑](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
Although MBK and Young Poong have gained an advantageous position in the shareholders' meeting vote battle by securing close to 40% of the shares, they fell short of their initial minimum target quantity.
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The outcome of the management rights dispute may change depending on the upcoming tender offer by Chairman Choi Yoon-beom's side and the moves of Hyundai Motor Company and the National Pension Service, who hold the casting vote.
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