MBK and Young Poong had claimed earlier in the day that Korea Zinc might use treasury stock lending to 진천출장샵revive voting rights and unfairly bolster Chairman Choi Yoon-beom’s management control. While treasury shares do not hold voting rights, lending them to third parties could restore those rights. The two parties also demanded that Korea Zinc immediately cancel the 2,539,726 shares acquired through a tender offer.
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MBK and Young Poong had claimed earlier in the day that Korea Zinc might use treasury stock lending to 진천출장샵revive voting rights and unfairly bolster Chairman Choi Yoon-beom’s management control. While treasury shares do not hold voting rights, lending them to third parties could restore those rights. The two parties also demanded that Korea Zinc immediately cancel the 2,539,726 shares acquired through a tender offer.