Rise in Korea Zinc and Young Poong Precision Stock Prices and ETF Impact
The management dispute between MBK Partners, a private equity firm, and Korea Zinc is intensifying, leading to an upward trend in the stock prices of Korea Zinc and Young Poong Precision. This surge has garnered significant attention from investors, subsequently boosting interest in ETFs managed by NH-Amundi Asset Management and Korea Investment Management.
MBK Partners, collaborating with Young Poong, has initiated a tender offer to acquire stakes in Korea Zinc, while Yoon-Bum Choi, the chairman of Korea Zinc, is preparing a counter-tender offer. This management conflict has positively influenced Young Poong Precision's stock price, bringing ACE Shareholder Value Active ETF's returns nearly to an all-time high. This ETF, which includes Young Poong Precision as a major holding, achieved returns of 15.2% last year and 9.64% this year.
Managed by Ki-Baek Kim of the Small Value Team, this ETF aims for long-term value investments in small and mid-cap value stocks. Key holdings of the ETF include SeAH Holdings, Youngone Holdings, DoubleU Games, Cuckoo Holdings, Young Poong Precision, and SK Gas. MBK Partners plans to acquire up to 43% of Young Poong Precision's shares along with Korea Zinc.
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'Shareholder Return ETF' with Maximum Youngpoong Precision Stocks Nears Record High - Maeil Business NewspaperACE Shareholder Return Value Active Fund Benefits from Korea Zinc Management Dispute, Youngpoong Precision Accounts for 6.25%
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