Korea Zinc

 

[Alpha Biz= Reporter Kim Sangjin] Korea Zinc has emphasized that it will use all legal means, including filing a complaint with the Financial Supervisory Service, to hold MBK Partners and Youngpoong accountable.

On the 21st, Korea Zinc stated, “The court has once again dismissed the request for a temporary injunction to halt the tender offer procedures proposed by Youngpoong and MBK, making it clear that there was a deliberate attempt to incite judicial risks.”

Korea Zinc alleged that the actions taken by Youngpoong and MBK were intentionally designed to create uncertainty around the company’s own tender offer, thereby instilling anxiety among shareholders and encouraging them to participate in the tender offer by Youngpoong and MBK. They asserted that these actions constitute fraudulent trading, market manipulation, and market disruption.

Korea Zinc also pointed out, “With the dismissal of this injunction, it has been revealed that everything MBK and Youngpoong have said until now has been false, and it is clear that legal procedures were exploited by 'professionals.' If it weren't for these lies, we wouldn't have seen the absurd situation where 5.34% participated in the Youngpoong and MBK tender offer that ended on the 14th.”

 

 

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