bearish
A Proxy Fight for Korea Zinc in January 2025
1k Views28 Nov 2024 18:55
There is likely to be a proxy fight for the control of Korea Zinc (010130 KS) between MBK/Young Poong alliance and Chairman Choi/Bain Capital alliance in January 2025.
What is covered in the Full Insight:
- Introduction to Korea Zinc Proxy Fight
- Stake Acquisition by Young Poong Precision
- FSS Review of Young Poong Accounting Issues
- Shareholding Stakes and Proxy Battle
- Market Outlook and Conclusion
Boomeranged on Tue, 10 Dec 2024 15:55
MBK mentioned that Korea Zinc should conduct a stock split instead of a capital increase to increase shares trading liquidity. MBK stated that if it will pursue a stock split (such as 5 to 1 or 10 to 1). Korea Zinc should cancel its treasury shares immediately. MBK estimated a total of KRW 3.4 trillion in damage to shareholder value due to poor mgmt decisions such as buying treasury shares.
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Full Insight
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