Korea Zinc: Increased Volatility in Share Price Post Korea Zinc's Tender Offer Results

Oct 28, 2024

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Korea Zinc announced that it has secured 9.85% of its own shares through a public offering. Bain Capital also secured an additional 1.41% stake in Korea Zinc.
After this tender offer, MBK/Young Poong alliance still has a slight advantage. The fight for the control of Korea Zinc will likely be determined at the AGM in spring, 2025.
For longer term investors (with investment horizon of 1 year or more), the current share price of Korea Zinc looks overly stretched.

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