Korea Zinc secures 9.85% stake in $1.5b share buyback to fend off takeover

Korea Zinc secures 9.85% stake in $1.5b share buyback to fend off takeover

Yun B. Choi, Chairman of Korea Zinc's board speaks during a press conference in Seoul, South Korea, October 4, 2024. Yonhap via

Korea Zinc said on Monday it has secured 9.85% of the company’s shares in a $1.5 billion buyback that it launched to block shareholders from selling their stakes to its top investor Young Poong and private equity firm MBK.