Korea Zinc: Remaining Free Float Post Tender and a Margin Call for Choi on Young Poong Precision?

• According to Korea Zinc, it plans to disclose the treasury shares tender offer results on 28 October.

• We discuss the remaining free float after the tender offer and the probabilities of share price decline or even a share price squeeze post announcement of the tender offer results.

• All in all, this M&A fight for Korea Zinc remains tight with a slight advantage to MBK/Young Poong alliance.