Impact on Korea Zinc's Balance Sheet and Debt Ratios Post Massive Debt Raise Proposed by Choi Family
We discuss the impact on the balance sheet and debt ratios of Korea Zinc's efforts to conduct a massive debt increase to buyback and cancel shares.
Although the Choi family may consider raising further debt to increase the tender offer price even further, we believe this could pose further balance sheet risk on Korea Zinc.
We provide sensitivity analysis of higher debt on the interest coverage ratios of Korea Zinc.
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