'Han투증권' That Sold All Shares of Korea Zinc

In the management rights dispute between Korea Zinc and Youngpoong·MBK Partners, Korea Investment & Securities, which was classified as an 'ally' of Korea Zinc, has been confirmed to have sold all of its shares.

According to the financial investment industry on the 9th, Korea Investment & Securities recently disposed of all its 0.8% stake (158,861 shares) in Korea Zinc.

The timing of the sale is known to be after Korea Zinc's public tender offer for treasury shares. Until now, Korea Investment & Securities had been classified as an ally of Korea Zinc in this management rights dispute due to the friendship between Kim Nam-gu, chairman of Korea Investment Holdings, and Choi Yoon-beom, chairman of Korea Zinc.

After Korea Zinc's public tender offer, the friendly shares on Chairman Choi's side were about 35%, while Youngpoong·MBK Partners held about 38%. With this sale of shares by Korea Investment & Securities, the gap between the two sides' shareholdings has widened further.