Latest news with #YunB.Choi
CNA
23-04-2025
- Business
- CNA
Prosecutors raid Korea Zinc's office over probe into new share issue plan
SEOUL :South Korean prosecutors said on Wednesday they were raiding the offices of Korea Zinc as part of an investigation into the company's new share issue plan. Investigators were sent to the company's headquarters on Wednesday morning to collect evidence, the Yonhap News Agency reported, with 11 places being raided including the residence and offices of executives. Earlier this year, local media reported that regulators had asked prosecutors to investigate Korea Zinc over allegations that its now scrapped plan to issue new shares involved unfair practices. In November, the chairman of Korea Zinc's board Yun B. Choi dropped a plan to issue new shares worth $1.8 billion that had sparked an investigation by the financial watchdog and a share sell-off.
Reuters
23-04-2025
- Business
- Reuters
Prosecutors raid Korea Zinc's office over probe into new share issue plan
SEOUL, April 23 (Reuters) - South Korean prosecutors said on Wednesday they were raiding the offices of Korea Zinc ( opens new tab as part of an investigation into the company's new share issue plan. Investigators were sent to the company's headquarters on Wednesday morning to collect evidence, the Yonhap News Agency reported, with 11 places being raided including the residence and offices of executives. Earlier this year, local media reported that regulators had asked prosecutors to investigate Korea Zinc over allegations that its now scrapped plan to issue new shares involved unfair practices. In November, the chairman of Korea Zinc's board Yun B. Choi dropped a plan to issue new shares worth $1.8 billion that had sparked an investigation by the financial watchdog and a share sell-off.
Bloomberg
28-03-2025
- Business
- Bloomberg
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.
Bloomberg
27-03-2025
- Business
- Bloomberg
Korea Zinc Secures Court Win Against Top Investor Before AGM
A South Korean court has ruled in favor of Korea Zinc Co. 's efforts to stop its largest investor from voting at a keenly awaited annual shareholder meeting, a boost for Chief Executive Yun B. Choi's effort to retain control over the metals giant. The Seoul Central District Court said in a statement on Thursday that it had rejected an injunction from Young Poong Corp., a decision that hampers efforts by the group and private equity backer MBK Partners Ltd. to topple Korea Zinc's board at the Friday's investor gathering, and raises the heat in a months-long corporate battle.
