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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
A power struggle has emerged at Korea Zinc Co., with Chairman Yun B. Choi facing off against Young Poong Corp., the largest shareholder controlled by the Chang family. This conflict highlights a deep rift between two of South Korea"s wealthiest families over control of the world"s largest zinc smelter.
Korea Zinc Co. is set to decide on a contentious $1.8 billion share sale plan amid rising pressure, following a stock selloff and an investigation by the financial watchdog. The dispute has intensified between major shareholders, particularly after MBK Partners Ltd. and Young Poong Corp. launched an unsolicited bid.
Korea Zinc Co. faces a critical moment as the chairman's proposal for a share buyback at a premium approaches its deadline amid a $12.5 billion takeover bid. Tensions have escalated between major investors, particularly with top shareholder Young Poong Corp. and private equity firm MBK Partners Ltd. pushing for control.
Young Poong Corp.
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04:25 20.11.2024
00:02 13.11.2024
01:56 23.10.2024
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