Will Youngpoong and MBK win the 'Korea Zinc Management Rights'...Game 2 is inevitable.

[Anchor]
Youngpoong and MBK Partners succeeded in securing a 5.34% stake in the tender offer of Korea Zinc.

However, it has not secured more than half, so it seems inevitable to fight for voting rights and the second round, including other shareholders.

I'm Park Kiwan of YTN.

[Reporter]
Youngpoong and MBK Partners disclosed the shares they received as soon as the tender offer closed.

All of them are 1.1 million shares, which is 5.34% of the total stock issue.

It is 830,000 won per share, which is more than 917 billion won in total.

Youngpoong and MBK Partners secured a 38.47% stake through this.

Youngpoong and MBK said in statement that it would be a meaningful milestone in the Korean capital market,

Says It Will Focus Its Capabilities On Suspending Tender Offer Of Share Shares Proceeded By Korea Zinc

Youngpoong and MBK succeeded in widening the stake gap with Chairman Choi Yoon-beom, but

Korea Zinc said it would respond appropriately in the future, downplaying that it does not believe it has reached its target.

Korea Zinc will continue its tender offer of treasury stocks until the 23rd, but it seems difficult to reverse the situation with treasury stocks without voting rights right away.

Because of this, the ball is now expected to move to the second round and the general shareholders' meeting.

Both sides do not reach an absolute majority, so they have no choice but to focus on creating a "my side" for voting rights.

Major shareholders such as Hanwha, Hyundai Motor, and LG Chem, who are divided over whether Chairman Choi Yoon-beom is a friendly force,
The
National Pension Service is expected to have a casting boat.

Youngpoong and MBK highlight the management failures and various suspicions of Chairman Choi,

[Kim Kwang-il / MBK Partners Vice Chairman (last month): It's like spending cash. This can't happen to an ordinary company. At this rate, the company will change to a net debt position for the first time since its foundation at the end of this year.]

{고려}Korea Zinc is expected to bump into each other, citing hostile M&A and concerns over technology leaks.

[Choi Yoon-beom / Chairman of Korea Zinc (last 2) : If MBK takes control of management, MBK will eventually sell Korea Zinc to a buyer who offers a high price, whether it is a Chinese company or anyone.]

Youngpoong and MBK are expected to demand an extraordinary shareholders' meeting after Korea Zinc's tender offer process is over, which is expected to intensify the battle between the two sides following the "War of Tran."

I'm Park Kiwan of YTN.

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video editing;Jung Kook-yoon

Design;Im Byul