Reported about 1 month ago
Korea Zinc's recent buyback, led by Chairman Choi Yun-beom, has acquired over 11% of the company's stock to counter a takeover bid, but the control battle remains unresolved. Despite acquiring treasury shares that lack voting rights, Choi's camp increases their stake to 39.5%, while the opposition led by Young Poong Corp. and MBK Partners together hold 42.1%. Analysts suggest uncertainty persists as minority shareholders hold 15.8%, indicating the ongoing tussle for governance at the zinc smelting giant.
Source: YAHOO