Watch Korea Zinc Tycoon Fights for Control Amid Takeover Battle - Bloomberg

Nov 20th, 2024

Korea Zinc Tycoon Fights for Control Amid Takeover Battle

Korea Zinc Co.’s CEO Yun B. Choi tells Bloomberg's Stephen Engle he is working to regain shareholders’ trust after the company was forced to scrap its plans to raise $1.8 billion via issue of new shares. This marks a blow to Choi's effort to fend off a hostile takeover bid from its biggest shareholder Young Poong and private equity firm MBK Partners.

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