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, ‘The Financial Supervisory Service has begun an audit of Korea Zinc and Young Poong regarding the ownership dispute.’,
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, ‘According to the financial investment industry, the FSS notified that it will start an audit of Korea Zinc and Young Poong today.’,
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, ‘The FSS plans to demand clarification on suspicions such as provision for bad debt or impairment of investment stocks and will initiate a surveillance inspection if it is determined that there are problems with accounting treatment standards violations.’,
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, ‘Typically, an audit involves confirmation of disclosed data, requests for data, clarification, etc., and takes about 3 to 4 months.’,
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, ‘If there are allegations of accounting violations discovered and a surveillance inspection is initiated, auditors will be called in for a thorough investigation, which could lead to sanctions.’,
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, ‘Young Poong, the largest shareholder of Korea Zinc engaged in an ownership dispute, along with MBK Partners, an asset manager, announced that they secured a 5.34% stake in the public tender offer that ended yesterday (14th). As a result, the stake in Korea Zinc for Young Poong-MBK alliance has increased from the existing 33.13% to 38.47%.’,
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, ‘The open market repurchase conducted by Chairman Choi and ally Bain Capital will continue until the 23rd.’,
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