M&A For Korea Zinc: Seoul Central District Court Makes Important Rulings
On 7 March, the Seoul Central District Court ruled that it is reasonable for Korea Zinc to maintain the concentrated voting system, which should favor Chairman Choi and his allies.
On the other hand, the court also ruled that Korea Zinc was wrong to restrict Young Poong's voting rights which should be favorable to MBK/Young Poong alliance.
The fact that the court has allowed concentrated voting system would mean the M&A of Korea Zinc will continue.
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