Korea Zinc: Court Dismisses the Second Injunction Filed by MBK
The Seoul Central District Court dismissed the second injunction filed by MBK Partners and Young Poong to suspend the share buyback/tender offer by Korea Zinc Chairman Choi and his allies.
As a result of the court dismissing the second injunction filed by MBK, the M&A fight for Korea Zinc is likely to continue until the AGM in March 2025.
Depending upon Korea Zinc's tender offer subscription, there is a possibility of MBK buying more shares directly from the market if the subscription falls below the proposed amounts.
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