logo
bullish

Korea Zinc

Korea Zinc: Plans to Buy Back and Cancel Shares Worth 2.7 Trillion Won + Team Up with Bain Capital

Douglas has highlighted this Insight as a Top Pick
823 Views02 Oct 2024 22:28
From a legal perspective, we believe that MBK has an upper stance in terms of not allowing Korea Zinc to conduct this massive share buyback/cancellation at prices that are higher than market prices.
What is covered in the Full Insight:
  • Introduction
  • Buyback and Cancellation Plan
  • Legal Challenges
  • Financial Implications
  • Conclusion
Boomeranged on Fri, 4 Oct 2024 13:37
On 4 October, Korea Zinc announced that of the 2.7 trillion won of the buyback tender offer, 1.5 trillion won will be financed with internal funds. Remaining 1.2 trillion won will be financed with bank loans. The conditions of this bank loan (with total limit of 1.7 trillion won) include minimum fixed interest rate of 5.5% and an initial floating interest rate of 4.67%, respectively.
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.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 5-minute read)
Discussions
(Paid Plans Only)
chart-bar
Logo
Top 5%
Douglas Kim
Korea/Asia, Events, IPOs
Douglas Research Advisory
South KoreaEquity Bottom-UpEquity Capital Markets
Price Chart(Sign Up to Access)
analytics-chart

Copyright © 2022 Smartkarma Innovations Pte Ltd. All Rights Reserved. v3.40.3

x