Lee additionally mentioned there have been considerations about investor losses as too fierce worth competitors may undermine shareholder worth in the long term.
The regulator’s feedback got here after Non-public fairness agency MBK Companions and Younger Poong on Friday raised their supply worth for the second time to match a counteroffer from rival relations and Bain Capital.
Shares of Korea Zinc, the world’s greatest refined zinc producer, have risen 13% thus far this month, after a 29% surge final month, and are buying and selling at record-high ranges.
(Reporting by Jihoon LeeEditing by Ed Davies)