Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>MBK Partners has increased the Tender Offer prices for <strong><a href="https://www.smartkarma.com/entities/korea-zinc-co-ltd" target="_blank" data-smartkarma-citation="entities:17944:1" rel="noopener">Korea Zinc (010130 KS)</a></strong> by 13.6% to ₩750,000 and <strong><a href="https://www.smartkarma.com/entities/young-poong-precision-corp" target="_blank" data-smartkarma-citation="entities:16188:1" rel="noopener">Young Poong Precision (036560 KS)</a></strong> by 25% to ₩25,000.</li>
<li>All other terms remain the same.  IF MBK secures the maximum 14.61% in KZ, this will be Korea's largest-ever Tender Offer.</li>
<li>MBK made a public offering correction announcement today. The Choi family now has 5 business days in which to respond with a counteroffer.</li>
</ul>


MBK Partners has increased the Tender Offer prices for Korea Zinc (010130 KS) by 13.6% to ₩750,000 and Young Poong Precision (036560 KS) by 25% to ₩25,000.
All other terms remain the same.  IF MBK secures the maximum 14.61% in KZ, this will be Korea's largest-ever Tender Offer.
MBK made a public offering correction announcement today. The Choi family now has 5 business days in which to respond with a counteroffer.


MBK Bumps Offers For Both Korea Zinc and Young Poong Precision

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

<ul>
<li>Hankyung reports MBK will raise Korea Zinc's tender offer to ₩750,000 (14%) and Young Poong Precision's to ₩25,000 (25%) before today's market opens.</li>
<li>Hankyung and Maeil are top sources for market scoops, so it's almost certain MBK leaked the tender price hike ahead of today's trading.</li>
<li>MBK leaves Choi just five trading days to respond. Korea Zinc plans to raise ₩400 billion, but it's still not enough for a counter-bid.</li>
</ul>


Hankyung reports MBK will raise Korea Zinc's tender offer to ₩750,000 (14%) and Young Poong Precision's to ₩25,000 (25%) before today's market opens.
Hankyung and Maeil are top sources for market scoops, so it's almost certain MBK leaked the tender price hike ahead of today's trading.
MBK leaves Choi just five trading days to respond. Korea Zinc plans to raise ₩400 billion, but it's still not enough for a counter-bid.


MBK Raises Tender Prices: ₩750,000 for Korea Zinc & ₩25,000 for Young Poong Precision

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>MBK announced that it will raise the tender offer prices on Korea Zinc by 13.6% to 750,000 won and Young Poong Precision by 25% to 25,000 won. </li>
<li>If 100% of the 3,024,881 shares of Korea Zinc tender offer is completed, at the revised tender offer price of 750,000 won, this would be 2.27 trillion won in amount.</li>
<li>In term of probabilities, we would put a 80-85% probability that MBK/Jang family successfully completes the tender offers and takes over the controlling stakes of these two companies.</li>
</ul>


MBK announced that it will raise the tender offer prices on Korea Zinc by 13.6% to 750,000 won and Young Poong Precision by 25% to 25,000 won. 
If 100% of the 3,024,881 shares of Korea Zinc tender offer is completed, at the revised tender offer price of 750,000 won, this would be 2.27 trillion won in amount.
In term of probabilities, we would put a 80-85% probability that MBK/Jang family successfully completes the tender offers and takes over the controlling stakes of these two companies.


MBK Raises Tender Offer Price on Korea Zinc by 13.6% to 750,000 Won

<ul>
<li>In this insight, we discuss three particular allies that could help the Choi family that have been highlighted by the local media including Hanwha, KIS, and Softbank.</li>
<li>The Hanwha Group is one of the largest shareholders of Korea Zinc. In addition, Hanwha Group Vice Chairman Kim Dong-Kwan has a close relationship with Korea Zinc Chairman Choi Yoon-Beom.</li>
<li>Korea Zinc is planning to hold an important press conference on the 24 September to reveal its position on the tender offer of Korea Zinc shares by MBK.</li>
</ul>


In this insight, we discuss three particular allies that could help the Choi family that have been highlighted by the local media including Hanwha, KIS, and Softbank.
The Hanwha Group is one of the largest shareholders of Korea Zinc. In addition, Hanwha Group Vice Chairman Kim Dong-Kwan has a close relationship with Korea Zinc Chairman Choi Yoon-Beom.
Korea Zinc is planning to hold an important press conference on the 24 September to reveal its position on the tender offer of Korea Zinc shares by MBK.


What Are Locals Saying About Potential Allies to Choi Family in Fight for Korea Zinc?

<ul>
<li>MBK is watching for a 1 million share trading volume, as that may prompt neutral institutional investors to sell rather than participate in the tender, triggering a price hike.</li>
<li>MBK may raise the tender price to ₩900,000, a 35% jump, with a local pension fund CIO suggesting it’s the sweet spot for participation.</li>
<li>MBK believes securing the minimum target would give them 44% voting rights, enough to push their proposals, indicating they’ll go all-in for that 7% stake in this first attempt.</li>
</ul>


MBK is watching for a 1 million share trading volume, as that may prompt neutral institutional investors to sell rather than participate in the tender, triggering a price hike.
MBK may raise the tender price to ₩900,000, a 35% jump, with a local pension fund CIO suggesting it’s the sweet spot for participation.
MBK believes securing the minimum target would give them 44% voting rights, enough to push their proposals, indicating they’ll go all-in for that 7% stake in this first attempt.


Korea Zinc's Latest Shareholder Roll & MBK's Triggers to Sweeten Tender Price

South Korea

Korea Zinc Co., Ltd. specializes in non-ferrous metal smelting industry.  The Company manufactures zinc ingots, electrolytic gold, silver, lead, sulfuric acid, and copper.  Korea Zinc provides its products to domestic and overseas markets.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Korea Zinc (010130 KS)

MBK Bumps Offers For Both Korea Zinc and Young Poong Precision

YP, Korea Zinc and YPP are in play. YP is my preferred pick - but it's not terribly liquid. Neither is YPP. Enter KZ around here or below the...

David Blennerhassett

MBK Raises Tender Prices: ₩750,000 for Korea Zinc & ₩25,000 for Young Poong Precision

MBK will raise Korea Zinc's tender offer to ₩750,000 (14%) and Young Poong Precision's to ₩25,000 (25%) before today's market opens.

Sanghyun Park

MBK Raises Tender Offer Price on Korea Zinc by 13.6% to 750,000 Won

MBK Partners announced that it will raise the tender offer prices on Korea Zinc (010130 KS) by 13.6% to 750,000 won per share and Young Poong...

Douglas Kim

What Are Locals Saying About Potential Allies to Choi Family in Fight for Korea Zinc?

In this insight, we discuss three particular allies that could help the Choi family that have been highlighted by the local media including Hanwha,...

Douglas Kim

Korea Zinc's Latest Shareholder Roll & MBK's Triggers to Sweeten Tender Price

This post shares the latest detailed shareholder roster of Korea Zinc, along with the key triggers prompting MBK to sweeten the tender price, and...

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)