Search and Seizure Conducted at 12 Locations Including MBK Partners' Office
Lead Manager of Korea Zinc Public Tender Offer
In connection with the management rights dispute at Korea Zinc, prosecutors investigating the case conducted a search and seizure of an NH Investment & Securities employee on the 24th, along with MBK Partners.
According to prosecutors and other sources on the same day, the Financial and Securities Crime Joint Investigation Division of the Seoul Southern District Prosecutors' Office (headed by Chief Prosecutor Ahn Changjoo) seized related materials from an employee of NH Investment & Securities, as well as from MBK Partners' headquarters in Jongno-gu, Seoul, among other locations.
NH Investment & Securities served as the lead manager when MBK Partners launched a public tender offer for Korea Zinc shares last year. At that time, the company provided funding for the tender offer in the form of a bridge loan.
On this day, prosecutors also conducted search and seizure operations at a total of 12 locations, including MBK Partners' offices. MBK Partners stated, "We understand that this investigation is aimed at gathering materials related to alleged unfair trading during the attempted paid-in capital increase at Korea Zinc," and added, "MBK Partners is participating as a reference witness."
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