There is likely to be continued uncertainty about proxy voting, including whether or not Korea Zinc could use cumulative voting system for Chairman Choi to retain control of the company.
What is covered in the Full Insight:
Introduction to Korea Zinc's Proposals
Details on the Cumulative Voting System
Analysis of the 10 to 1 Stock Split
Debate on Board Member Limits
Conclusion and Future Projections
Boomeranged on Mon, 6 Jan 2025 16:08
National Pension Service (NPS) reduced its stake in Korea Zinc from 7.49% to 4.51%, according to FSS. NPS sold some of its shares (0.63 million shares) on the 14th and 18th of October 2024, partially participating on the tender offers. Despite its lowered ownership stake, NPS's stake in Korea Zinc will remain very important in the upcoming proxy vote at the EGM on 23 January.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.