Korea Zinc, MBK stake everything in ownership battle

Korea Zinc, MBK stake everything in ownership battle

Both Korea Zinc and an alliance between private equity firm MBK Partners and Young Poong are making last-ditch efforts in their escalating battle to secure management rights over the world’s largest zinc smelter.

As Korea Zinc and Youngpoong, which have been partners for 75 years, continue to fight over management rights, the court has allowed Korea Zinc to acquire its own shares. Accordingly, Korea Zinc is at an advantage in the fight to secure shares with Youngpoong…

Korea Zinc takeover bid takes backward step as court rejects injunction

A Seoul court on Wednesday dismissed Young Poong’s injunction to prevent Korea Zinc from buying its own shares, effectively allowing the world’s largest zinc smelter’s controlling family to pursue a share buyback and hold onto management.

Katter calls for action on potential Korea Zinc takeover

KAP Federal Member for Kennedy Bob Katter is calling on Prime Minister Anthony Albanese to intervene over the ‘hostile’ takeover bid for Sun Metals refinery owner Korea Zinc by a private equity fund.Mr Katter (pictured at centre above) has submitted a question in writing to the PM expressing serious concerns about a $1.5 billion tender […] Thank-you for your interest in iQ Industry Queensland. We invite you to purchase a registration th…