On the 22nd, when the tender offer period ended, Yeongpung Precision's stock price fell sharply.
As of 9:16 a.m. that day, Yeongpung Precision was trading on the KOSDAQ market at 22,600 won, down 2,250 won (9.05%) from the previous trading day.
The day before, Korea Zinc ended its tender offer for Yeongpung Precision, in which it holds shares, maintaining its stake. Since the MBK-Yeongpung tender offer for Yeongpung Precision, conducted until the 14th, amounted to only 830 shares, Chairman Choi's side retains control over Yeongpung Precision's management rights.
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