Korea Zinc Prepares for Latest Stormy Shareholder Meeting
Korea Zinc Co. investors are bracing for a turbulent gathering on Friday, as the metals giant's top shareholder and private equity ally MBK Partners Ltd prepare to make a fresh bid to topple the current board and oust Chief Executive Yun B. Choi.
A South Korean court on Thursday blocked Young Poong Corp. from casting its 25.4% vote, a win for Korea Zinc's management that bolstered Choi's chances of maintaining his grip on the company.
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