Court dismisses provisional injunction request for 'prohibition of acquisition of Korea Zinc shares'

Youngpoong, which is in a management dispute, has rejected an injunction filed by Youngpoong to prevent Korea Zinc from acquiring its own shares.

The Seoul Central District Court rejected Youngpoong's request for an injunction against the acquisition of treasury stocks against Korea Zinc Chairman Choi Yoon-beom.

Earlier, Youngpoong and private equity operator MBK Partners filed a provisional injunction to prevent Korea Zinc from acquiring treasury stocks during the tender period, saying they would make a tender offer to secure management rights for Korea Zinc.