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

777 Views07 Mar 2025 19:31

On 7 March, the Seoul Central District Court ruled that it is reasonable for Korea Zinc to maintain the concentrated voting system.

What is covered in the Full Insight:

Seoul Court Rulings Impact on Korea Zinc M&A
Concentrated Voting System Details
Shareholder Dynamics and Stakes
US Concerns Over MBK's Acquisition
Impact of Homeplus Fiasco on Korea Zinc M&A

Boomeranged on Thu, 27 Mar 2025 15:43

Today, the Seoul Central District Court dismissed the injunction application filed by Youngpoong and MBK against Korea Zinc, requesting “allowance of voting rights at the shareholders’ meeting.” As a result, Youngpoong’s voting rights of about 29% will be limited to “0%” at AGM. Only MBK and Youngpoong’s special related parties with voting rights of approximately 18% can exercise their rights.