The tender offer of Korea Zinc's treasury stock, which is in a management dispute, has closed.
Korea Zinc plans to disclose the results of its treasury stock tender soon after reviewing the results of its tender offer.
Korea Zinc shares closed at 876,000 won today, lower than the tender offer price of 890,000 won.
The tender offer that Korea Zinc intends to secure is up to 20% of its total shares, with a maximum of 2.5% of its friendly shares that can be obtained by burning non-voting shares.
Even after the tender offer, both Korea Zinc and Youngpoong failed to secure a majority stake, which is expected to intensify competition for in-house purchases and friendly stakes in the future.
At the same time, Korea Zinc filed a petition with the Financial Supervisory Service to investigate whether Youngpoong and MBK used their provisional injunction applications to manipulate market prices.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]