2024-10-23
(Maeil Business News Paper, Oct. 23)
Korea Zinc is planning to pursue legal action over a 5.34 percent stake acquired by Young Poong and MBK Partners, alleging irregularities in the transaction. The company claims the shares were obtained through unfair trading practices and intends to seek nullification in court.
As the deadline for its tender offer approached, South Korea-based Korea Zinc raised concerns on Tuesday over the 5.34 percent stake acquisition by the Young Poong and MBK Partners alliance, signaling potential legal action.
The company argued that the shares obtained by the duo were the result of misleading transactions and announced its intention to pursue a lawsuit to nullify the acquisition.
Full Article: Korea Zinc to legally challenge Young Poong-MBK share acquisition
