Young Poong Precision loses ground after MBK Partners’ tender offer closes
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
Shares of Young Poong Precision were trading at 28,000 won ($21) as of 11:35 a.m., down 8.94 percent from the previous session.
Young Poong Precision holds a 1.85 percent stake in Korea Zinc Co.
According to industry sources, the tender offer initiated by MBK Partners, priced at 30,000 won per share, garnered only 830 shares, far below the target of 6.84 million shares, or 43.43 percent of the total outstanding shares.
Despite falling short of its target, MBK Partners, which had already secured a 5.43 percent stake in Korea Zinc through a separate tender offer with Young Poong Co., now holds a strategic position while also reducing its costs.
Meanwhile, Korea Zinc Chairman Choi Yoon-beom has his own tender offer for Young Poong Precision, which runs until October 21.
Through a special purpose company, Jerico Partners Co., Choi and his allies are offering 35,000 won per share, aiming to acquire 5.51 million shares, or 35 percent of the total outstanding shares, requiring 193.25 billion won in total if fully subscribed.
Should investor participation exceed the target, the shares will be purchased on a pro-rata basis.
Korea Zinc’s stock saw a rise, trading at 813,000 won, up 2.52 percent, as of 11:39 a.m.
The ongoing battle between the Young Poong-MBK alliance and Choi’s camp, backed by Bain Capital, has increased the Young Poong-MBK consortium’s stake in Korea Zinc from 33.13 percent to 38.47 percent.
Choi’s tender offer for Korea Zinc’s treasury shares, priced at 890,000 won, is scheduled to close on October 23.
If fully subscribed, the alliance’s stake would rise to 48 percent, as Korea Zinc has announced plans to cancel the treasury shares to increase the value of remaining stock.
Young Poong shares fell 2.56 percent to 419,000 won as of 11:40 a.m.
Meanwhile, YES24, an online book retailer, continued its rally on Tuesday following the news that novelist Han Kang became the first Korean to win the Nobel Prize in Literature.
As of 11:40 a.m., YES24 shares surged 16.53 percent to 9,660 won, after reaching a 52-week high earlier in the session at 10,380 won.
The company had already seen upper-limit gains in trading on Friday and Monday. It marks the third consecutive session of rapid gains.
However, other publishing-related stocks, which had previously surged on the Nobel Prize news, lost ground.
Shares of Hansae YES24 Holdings fell 15.39 percent to 6,430 won as of 11:42 a.m., Hankuk Paper MFG declined 10.89 percent, Moorim Paper dipped 6.25 percent, and Samsung Publishing fell 8.64 percent.
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- “곳곳에 빈집, 이 동네 심상치 않네”…미분양 가구 5년 새 13배 폭증한 이곳 - 매일경제
- “쏘렌토·싼타페가 5천만원, 너무 비싸”…쌌는데 더 싸졌다, 2천만원대 ‘반값 아빠차’ [최기
- 오늘의 운세 2024년 10월 15일 火 (음력 9월 13일) - 매일경제
- “노벨상 기적, 한강 책 완전 품절”…누가 가장 많이 샀을까 - 매일경제
- [속보] 합참 “북한, 경의선·동해선 남북 연결도로 폭파” - 매일경제
- “지인에게 10억 지원”...‘재계 마당발’ LG家 맏사위 끊이지않는 잡음 - 매일경제
- “의대 갈래” KAIST서 182명 자퇴...석·박사 학위도 포기 속출 - 매일경제
- “철없는 우리 오빠 용서해주세요”… 명태균, 김여사 추정 카톡 대화 공개 - 매일경제
- “대형마트에 1억2천만원짜리가 웬말?”…전세계 수백병 뿐인 ‘이것’ 정체는 - 매일경제
- 정말 한국 올 뻔…‘대표팀 감독 후보’ 카사스 감독, 궁금증 직접 해소 → “KFA와는 좋은 대화,