From Investing.com: 2024-11-20 17:09:58

A takeover battle over Korea Zinc is putting pressure on Seoul to pass reforms for better investor protections. Chairman Yun B. Choi scrapped a share issue plan after backlash, raising doubts about voluntary stock valuation boosts. Cross-shareholding deals and lack of board independence at Korea Zinc spark concerns about governance. Legislation push needed.

South Korea faces the first hostile takeover by private equity fund at Korea Zinc. Choi vows to protect minority shareholders as he prepares for a showdown. Activist campaigns in South Korea have increased significantly, with MBK’s deal seen as a potential game changer to tackle the Korea discount. The outcome could shake up ownership structures.



Read more at Investing.com: Analysis-Korea Zinc takeover battle tests Seoul’s resolve on tackling ‘Korea discount’ By Reuters