Choi Yoon-beom, Chairman of Korea Zinc, Sold All Shares of Youngpoong... Partnership Ends

by Lee Sungmin

Published 25 Oct.2024 17:14(KST)

Honorary Chairman Choi Chang-young Also Sells All Shares

Choi Yoon-beom, chairman of Korea Zinc, and the Choi family have sold all their shares in Youngpoong.

According to the Financial Supervisory Service's electronic disclosure system on the 25th, Chairman Choi disclosed that he sold all 1,723 shares he held on the market. Choi Chang-young, honorary chairman of Korea Zinc and Chairman Choi's uncle, also sold 14,637 Youngpoong shares he held on the market.

[Image source=Yonhap News]

The Choi family began selling a large volume of Youngpoong shares at prices in the 400,000 KRW range starting from the 23rd of last month. Chairman Choi sold all 40,235 shares he previously held. Honorary Chairman Choi disposed of all 76,299 Youngpoong shares.

Meanwhile, six executives of Korea Zinc disclosed that they purchased 10 to 50 shares each of Korea Zinc during the period when the public tender offers by Youngpoong, MBK, and Korea Zinc were underway.