Korea Zinc "Youngpoong, MBK Disturbing Markets in Tender Offer Process"

Korea Zinc, which continues its management dispute, criticized Youngpoong and MBK Partners' 5.34% stake in the tender offer as the result of repeated market disruptions with brazen lies.

Park Ki-duk, president of Korea Zinc, held a press conference today (22nd) and said that 5.34% of shareholders and investors were attracted to Youngpoong and MBK by falsehood that the company's tender offer could be invalidated through the second provisional disposition.

He also repeatedly claimed that MBK and Youngpoong instilled confusion and uncertainty in the market, prompting them to respond to Youngpoong and MBK's purchases instead of the tender offer of Korea Zinc, which is 60,000 won higher per share, which amounts to stock price manipulation and fraudulent fraud.

President Park also said that if Youngpoong and MBK Partners' market order disruptions are identified through investigation and investigation, the tender offer will also reveal significant legal defects and that they will be held accountable for their behavior.

Separately, President Park said he would watch the results of the share gap, which has widened since the tender offer of Youngpoong and MBK, but stressed that he would do everything in his power to strengthen his management rights.