bearish
Korea Zinc - Rights Offering of 2.5 Trillion Won Is a Display Of "Korea Discount" At Its Worst
715 Views30 Oct 2024 15:20
Korea Zinc announced a massive rights offering worth 2.5 trillion won which symbolizes a display of "Korea Discount" at its worst. It is likely to put continued negative pressure on its share price.
What is covered in the Full Insight:
- Introduction
- Details of the Rights Offering
- Implications and Investor Concerns
- Proxy Contest Dynamics
- Conclusion
Boomeranged on Tue, 5 Nov 2024 00:36
MBK Partners Chairman Kim Byung-Joo revealed for the first time on why he is pushing to acquire Korea Zinc. According to MBK Chairman, he mentioned that the two biggest reasons why he is intent on acquiring Korea Zinc is to improve corporate governance and unlock greater shareholder value. There are additional concerns Korea Zinc will be removed from Korea Value Up index due to poor governance.
SUMMARY
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Full Insight
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- Korea Zinc Raises Share Buyback and Tender Offer Price to 890,000 Won11 Oct 2024
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