National Pension Service Sold 630,000 Shares of Korea Zinc... Stake Reduced from 7.49% to 4.51%

The National Pension Service (NPS) has sold approximately 630,000 shares of Korea Zinc, which is currently in a management rights dispute with the Youngpoong-MBK Partners (hereafter MBK) alliance, reducing its stake from 7.49% to 4.51%.

According to the electronic disclosure system on the 6th, the NPS sold 632,118 shares out of the 1,566,561 Korea Zinc shares it held as of last October.

As a result, the NPS's holding ratio in Korea Zinc decreased from 7.49% to 4.51%.

Korea Zinc, which is in a management rights dispute with the Youngpoong-MBK alliance, is scheduled to hold an extraordinary general meeting of shareholders on the 23rd.

Amid market speculation that the NPS could hold the casting vote at the extraordinary shareholders' meeting, attention is focused on the potential impact of the NPS's sale of Korea Zinc shares on the future direction of management control.