US EditionMBK, Young Poong secure key witness testimony in US over Korea Zinc's Igneo acquisition
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2 Articles
MBK, Young Poong secure key witness testimony in US over Korea Zinc's Igneo acquisition
Private equity firm MBK Partners and Young Poong stepped up their pressure on Korea Zinc Chairman Choi Yun-beom by obtaining testimony from key executives based in the United States regarding the controversial high-priced acquisition of Igneo Holdings, the two companies said Friday. The MBK-Young Poong alliance, the largest shareholder of the world's largest zinc smelter, is currently locked in a fierce battle with Choi over management control. …
The Southern District Court of New York has authorized the subpoenaing of former Korea Zinc employees, Pedalpoint CFO Ham Mo and Senior Manager Ha Mo as witnesses Young Poong and MBK to secure testimonies and internal data from key figures related to Korea Zinc’s acquisition of Ignio in the US U.S. court discovery procedures… Key data to support shareholder derivative suit against Chairman Choi Yoon-beom and Korea Zinc management [Digital Daily …
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