MBK Raises Tender Offer Price of Young Poong Precision to 30,000 Won

• MBK Partners announced that it is raising its tender offer price for Young Poong Precision from 25,000 won to 30,000 won, matching Choi family's tender offer price of 30,000 won.

• Accordingly, MBK's tender offer period for Young Poong Precision has been extended from 6 October to 14 October.

• The revised up tender offer price of Young Poong Precision by MBK at 30,000 won is likely to result in boosting its stock price closer to the 30,000 won.