On the 21st, when the public tender offer by Choi Yoon-beom, chairman of Korea Zinc, against Young Poong Precision ended, the stock price of Young Poong Precision dropped sharply.
As of 9:15 a.m. on the 21st in the KOSDAQ market, Young Poong Precision was trading at 21,100 KRW, down 1,550 KRW (6.84%) from the previous trading day.
Jericho Partners, a special purpose company (SPC) established by Chairman Choi and his family members, will close the public tender offer for Young Poong Precision shares on this day.
The tender offer price by Jericho Partners for Young Poong Precision is 35,000 KRW per share, with a maximum volume of 5,512,500 shares (35% stake).
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