Korea Zinc announced that the Seoul High Court dismissed Young Poong’s injunction to suspend its AGM, reaffirming cross-shareholding as a legal defense against hostile takeovers and weakening the hostile M&A case by Young Poong and MBK Partners.
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Korea Zinc Says Seoul High Court Upholds Legality of Cross-Shareholding Defense Against Hostile Takeover
Korea Zinc announced that the Seoul High Court dismissed Young Poong’s injunction to suspend its AGM, reaffirming cross-shareholding as a legal defense against hostile takeovers and weakening the hostile M&A case by Young Poong and MBK Partners.
Seoul High Court has dismissed Young Poong's immediate appeal to exercise voting rights at Korea Zinc's AGM, upholding earlier restrictions due to cross-shareholding; Young Poong and MBK Partners have also filed a separate lawsuit to nullify AGM resolutions.
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Seoul High Court Dismisses Young Poong's Immediate Appeal on Voting Rights Injunction
Seoul High Court has dismissed Young Poong's immediate appeal to exercise voting rights at Korea Zinc's AGM, upholding earlier restrictions due to cross-shareholding; Young Poong and MBK Partners have also filed a separate lawsuit to nullify AGM resolutions.
FTC Designates Five New Large Business Groups Including LIG, Daekwang, Sajo, Bithumb
FTC designates five new large business groups and upgrades two to cross-shareholding-restricted status, impacting 92 groups with stricter regulations on disclosure and inter-company transactions.
Korea Zinc announces voting rights restriction for major shareholder Young Poong at shareholders' meeting, citing cross-shareholding rules, sparking legal dispute over share ownership and meeting procedures.
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Korea Zinc - 'Voting Rights of Young Poong to be Restricted at Shareholders' Meeting' - Young Poong - 'Illegal and Unfair'
Korea Zinc announces voting rights restriction for major shareholder Young Poong at shareholders' meeting, citing cross-shareholding rules, sparking legal dispute over share ownership and meeting procedures.
Korea Zinc Desperate to Restrict Young Poong's Voting Rights... Resorting to False Claims
Korea Zinc accused of making false claims to prevent Young Poong from exercising voting rights, as dispute over establishment date of YPC intensifies
MBK, Youngpoong - 'Never Had Cross-Shareholding with SMH... Choi Yun-bum's Claim is Sophistry'
MBK Partners and Youngpoong refute Korea Zinc chairman's cross-shareholding claims, asserting legal voting rights and criticizing attempts to restrict shareholder power illegally.
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