[Featured Stock] Korea Zinc Share Price Slightly Rises↑... Attention on Tender Offer Results

On the 23rd, the last day of the tender offer for treasury shares, the stock price of Korea Zinc showed a slight upward trend.

As of 9:23 a.m. on the 23rd, Korea Zinc was trading at 878,000 KRW, up 4,000 KRW (0.46%) from the previous trading day.

The side of Chairman Choi Yoon-beom announced that the tender offer for Korea Zinc treasury shares will end on this day. After the court dismissed Yeongpung's injunction request to suspend the tender offer process on the 21st, Chairman Choi's side plans to complete the tender offer as scheduled by today.

Even if Chairman Choi's side successfully completes the tender offer for Korea Zinc treasury shares, Yeongpung will maintain an advantage in the shareholding competition. This is because Chairman Choi's side plans to cancel the purchased treasury shares, so the current shareholding structure will remain unchanged.

Yeongpung's shareholding rate, which increased by 5.34% through the Korea Zinc tender offer, stands at 38.47%, while Chairman Choi's side remains at 15.65%.

However, if the shareholding rates of major shareholders holding more than 0.1% of Korea Zinc shares, including Hyundai Motor, Hanwha, and others, are added to Chairman Choi's side, the total could increase to about 34%.

Nevertheless, even considering Korea Zinc's major shareholders as allies of Chairman Choi's side, Yeongpung is still ahead by about 4% in the shareholding battle.

If Bain Capital, an ally of Chairman Choi, secures the maximum purchase share of 2.5% in this tender offer, the difference in shareholding rates between the two sides could narrow to around 2%.