MBK Purchases Additional 1.36% Stake in Korea Zinc
After the market close on 11 November, it was reported that MBK/Young Poong alliance purchased additional 1.36% stake (282,366 shares) in Korea Zinc from the market.
The gap in the voting rights shares between MBK/Young Poong alliance and Korea Zinc/Choi family alliance has widened from about 3% three weeks ago to about 5% today.
We would further caution investors that if more investors perceive MBK/Young Poong as the clear winner, there could be a further downside risk on Korea Zinc's share price.
After the market close on 11 November, it was reported that MBK/Young Poong alliance purchased additional 1.36% stake (282,366 shares) in Korea Zinc from the market. MBK alliance's stake in Korea Zinc increased from 38.47% to 39.83%. The voting rights-based stake amounts to 45.42%.
Keep reading with a 7-day free trial
Subscribe to Douglas Research Insights to keep reading this post and get 7 days of free access to the full post archives.