bearish
NPS Stake in Korea Zinc Revealed: EGM Vote Locked, Short Play in Focus
1.1k Views06 Jan 2025 23:01
NPS's Korea Zinc stake disclosure: Voting outcome at the EGM on the 23rd virtually set, short position play worth considering.
What is covered in the Full Insight:
- Introduction to NPS Stake Reduction
- Shareholder Lineup Analysis
- Impact of NPS's Position on EGM
- Cumulative Voting and Bylaw Changes
- Investment Positioning Strategies
Boomeranged on Fri, 17 Jan 2025 19:04
NPS backed cumulative voting and the director cap at Korea Zinc’s EGM. This is a win for Choi, and the pop today likely came from the news leaking early. But, with NPS’s stake down to 4.51%, Choi still needs more friendly shares to push the vote through, which won’t be easy with most of the float held by foreign funds. So, NPS’s vote might grab headlines, but it’s far from a slam dunk for Choi.
SUMMARY
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