Exciting Takeover Battle: Korea Zinc Co. on the Rise

Shares of Korea Zinc Co. experienced a remarkable increase of up to 1.9% after the investment firm MBK Partners announced its recent success in a fiercely contested takeover battle. MBK Partners' involvement in the world's leading zinc processor has attracted attention and caused the stock price to climb to as much as 808,000 won. The background for the price increase is the announcement that MBK Partners, together with its ally Young Poong Corp., has secured a significant stake for strategic control of the company. After the close of trading on Monday, the two companies announced that they had successfully acquired a 5.34% stake, as part of their takeover bid at 830,000 won per share.