Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Must Asset Mgmt Goes Activist on Young Poong

Young Poong: Announces Cancellation of Entire Treasury Shares and 10:1 Stock Split

M&A For Korea Zinc: Seoul Central District Court Makes Important Rulings

A Comparison of Korea Zinc's M&A in 2024 Vs SM Entertainment's M&A in 2023 in the 9th Inning

Korea Zinc: Cumulative Voting System and 10 to 1 Stock Split

Korea Zinc: An Important Legal Decision to Disallow Appointment of Directors Using Cumulative Voting

Douglas Research Advisory

Event-Driven

<ul>
<li>The proxy battle at the EGM for the control of Korea Zinc (010130 KS) is scheduled for 23 January.</li>
<li>One day prior to the EGM, Korea Zinc's Chairman Choi is trying to capitalize on the "cross-shareholding limitation system" in order to retain control of the company.</li>
<li>In our view, it appears that the legal case regarding the cross shareholding limitation system is in favor of MBK/Young Poong alliance.</li>
</ul>


The proxy battle at the EGM for the control of Korea Zinc (010130 KS) is scheduled for 23 January.
One day prior to the EGM, Korea Zinc's Chairman Choi is trying to capitalize on the "cross-shareholding limitation system" in order to retain control of the company.
In our view, it appears that the legal case regarding the cross shareholding limitation system is in favor of MBK/Young Poong alliance.


Korea Zinc: Cross Shareholding Limitation System Loophole