Korea Zinc Denies MBK as Largest Shareholder, Reaffirms YPC's Majority Stake of 5,262,450 Shares
This disclosure is the final confirmation/denial of the article 'MBK Becoming the Largest Shareholder of Korea Zinc' reported by Seoul Economic Daily on September 13, 2024.
According to the major shareholder report dated May 20, 2026, MBK holds 1,722,738 common shares through tender offer and on-market purchases. However, as of the change of largest shareholder disclosure on March 24, 2025, YPC holds 5,262,450 shares and remains the largest shareholder with no change.
The shareholding changes are due to market transactions and do not affect the company's capital structure or shareholder dilution.
[AI Summary]Korea Zinc denies the rumor of MBK becoming the largest shareholder and reaffirms YPC's position. MBK's stake acquisition is via market purchases with no direct impact on financials or shareholder value. Short-term stock price volatility is expected to be limited.