[Alpha Biz= Reporter Kim Jisun] MBK Partners’ special purpose company (SPC), Korea Corporate Investment Holdings, has acquired an additional 1.36% stake in Korea Zinc.

According to the Financial Supervisory Service’s electronic disclosure system, from October 18 to November 11, Korea Corporate Investment Holdings deposited full collateral with NH Investment & Securities, purchasing 1.36% of Korea Zinc (282,366 shares) through a "customary discretionary trading" (CD) method on the open market.

The CD trading method allows a broker to execute small, steady trades within a limited price range to avoid impacting the stock price significantly.

With this additional 1.36% stake, Korea Corporate Investment Holdings’ shareholding in Korea Zinc has risen to 6.68%, adding to the 5.32% acquired through a public tender offer completed on October 14.

Including the existing 33.13% held by Youngpoong and the Jang family, and the 0.02% acquired through Youngpoong’s tender offer, MBK Partners and Youngpoong now jointly hold 39.83% of Korea Zinc’s total outstanding shares, making MBK the largest shareholder.

Meanwhile, Korea Zinc Chairman Choi Yoon-beom’s stake is estimated to be 34.65% after the exit of Korea Investment & Securities, widening the ownership gap between the two sides by over 5 percentage points.

 

 

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