MBK said in a statement today (11th) that the increased tender offer of KRW 3.2 trillion is 97.1% of Korea Zinc's consolidated net profit for the last five years and 33% of its equity capital.
He went on to say that the company's valuable resources would be consumed, leaving the company's future uncertain, and that he would seek every possible way, including relief through litigation, to prevent irreversible damage.
In particular, MBK emphasized that the tender offer of MBK and Youngpoong will be completed even if only one week of subscription is received by the 14th, and regardless of the number of subscriptions, MBK will become Korea Zinc's largest shareholder along with Youngpoong.
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