Korea Zinc Prepares for Latest Stormy Shareholder Meeting [Yahoo! Finance]
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Source: Yahoo! Finance
ally MBK Partners Ltd prepare to make a fresh bid to topple the current board and oust Chief Executive Yun B. Choi. Most Read from Bloomberg Why Did the Government Declare War on My Adorable Tiny Truck? How SUVs Are Making Traffic Worse Trump Slashed International Aid. Geneva Is Feeling the Impact. These US Bridges Face High Risk of Catastrophic Ship Strikes Gold-Rush Fever Returns to Historic New Zealand Mining Town 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. But late on the same day, Young Poong announced it had overcome the legal hurdle with an ownership loophole, potentially giving the alliance the ability to vote its full 41.3% stake. The vote battle is the latest twist in a public feud over Korea Zinc which has been playing out for the past six months, grabbing headlines and testing South Korea's corporate governanc
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