[Special Stock] Yeongpung Jeongmil Rises for 3rd Day Amid Goryeo Zinc Management Dispute

Along with Korea Zinc, which MBK Partners and Young Poong are conducting a tender offer for, the stock prices of related companies have been rising continuously.

As of 10:01 AM on the 20th, Korea Zinc is trading at 724,000 KRW on the KOSPI market, up 17,000 KRW (2.40%) from the previous close. The stock price reached a high of 753,000 KRW, setting a new 52-week intraday high.

At the same time, Young Poong Precision is trading at 20,550 KRW, up 4,720 KRW (29.82%), hitting the daily price limit. The stock surged sharply early in the session, breaking its 52-week high.

Since Young Poong Precision announced the tender offer plan by MBK Partners and Young Poong on the 13th, it has recorded the daily price limit for three consecutive trading days. Young Poong Precision holds a 1.85% stake in Korea Zinc.

Just as Korea Zinc’s stock price surpassed the tender offer price of 660,000 KRW, Young Poong Precision also exceeded the tender offer price of 20,000 KRW set by MBK Partners.

Investors are believed to be betting with the expectation that MBK Partners and Young Poong will raise the tender offer price. There is also a possibility that the Choi family, currently managing Korea Zinc, may launch a counter tender offer.