Differences Deepen over Korea Zinc's Shareholder Proposals at Its General Shareholders' Meeting; Mbk and Youngpoong Resubmit Injunction Request.

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With Korea Zinc's regular shareholders' meeting about three weeks away, the current management of Korea Zinc and MBK Partners (MBK) and Youngpoong are continuing to clash over the agenda for the shareholders' meeting. The shareholder proposals submitted by MBK and Youngpoong include: ▲election of six directors ▲introduction of an executive officer system ▲10th stock split ▲conversion of voluntary reserves to unappropriated retained earnings ▲sti…

ddaily.co.kr

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Ownership

[Digital Daily Reporter Kim Nam-gyu] With Korea Zinc's annual general shareholders' meeting about three weeks away, the conflict over agenda items between the MBK Partners-Youngpoong alliance and the current management is intensifying. In particular, the two sides' differing positions on the size of director appointments and revisions to the Articles of Incorporation have emerged as key variables in the management dispute. According to industry …