Korea Zinc executives buy shares on the open during competition

It has been confirmed that some executives of Korea Zinc, which is in a management dispute with Youngpoong and MBK Partners, bought Korea Zinc shares on the market during the tender offer competition.

According to the Financial Supervisory Service's electronic disclosure system, five non-registered executives at the headquarters level of Korea Zinc bought 118 shares of Korea Zinc from the end of last month to the beginning of this month.

The stock acquisition unit price ranges from 680,000 won to 750,000 won per share, a total of 78 million won.

The market analyzed that Korea Zinc executives and employees have tried to secure friendly shares in the company in preparation for a voting competition at the general shareholders' meeting by preventing Youngpoong and MBK as much as possible.