Korea Zinc, which is in a management dispute with Youngpoong and MBK Partners, has launched a massive counterattack as it announced its share buyback.
Korea Zinc said it will tenderly buy Korea Zinc shares at 830,000 won per share.
It is 11% higher than MBK's open purchase price of 750,000 won per share.
The acquisition of treasury stocks is KRW 2.66 trillion.
At the same time, Korea Zinc said it will burn all of its shares after acquiring them.
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