The power struggle over Korea Zinc - founded by two friends who fled North Korea, and is still held by the Choi and the Chang families - has captured headlines.
Shareholders had until the end of Oct 14 to decide whether to accept a twice-sweetened 830,000 won-per-share takeover offer from a consortium made up of its biggest shareholder - the Chang family's Young Poong Corp - and MBK Partners, one of North Asia's biggest private equity firms. The two said last week there would be no further price increases.
On paper, that leaves a rival offer ahead - a buyback launched by chairman Choi Yun-beom. His 890,000 won-a-piece gambit, supported by buyout firm Bain Capital, is over 7 per cent higher, valuing the company at 18.4 trillion won (S$17.8 billion). Yet the stock has traded well short of that level, indicating continued scepticism among investors.
Esta historia es de la edición October 15, 2024 de The Straits Times.
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Esta historia es de la edición October 15, 2024 de The Straits Times.
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BLACK DAY FOR BRITISH PUBS
At her London pub, landlady Kate Davidson has taken to issuing Guinness ration cards, but the beer still ran out amid a British shortage of Ireland's national drink.
Her Last Gifts
It was exhausting, he sighed. But Carol insisted; her name being what it was and his, she said with a big grin, being Chris. Remember, this is the blessed spirit of the season, to give as we have been given.
When You Think About Me
She empties the last drawer and, between stray baubles, there's the cookie tin, the one hunted down from some narrow shop in Liverpool because it didn't ship here.
Gift Of The Magi
Let's say you never intended to use Magi. Let's say you know about all the scandals: the accusations of stolen data, the EU lawsuits, the CEO's abhorrent behaviour. Let's say you don't even believe the outlandish social media claims that the app is magical, like actual magic. You know it's not possible it reads your mind, plumbs your soul, knows your heart's desires. You're not so gullible.
Ho Ren Yung: Steering global brand evolution of Banyan Group
Ms Ho Ren Yung, deputy chief executive of Banyan Group, oversaw the company's brand relaunch in a bumper year of 19 openings in 2024. These included Banyan Tree Higashiyama Kyoto in Japan and Angsana Tengchong in China.
Jury-rigged Hotpot
The Japan Home folding table was just big enough to accommodate two.
Tales of love, peace and hope
The Sunday Times invites five authors to pen short stories around the theme of A Christmas Gift
Japan: Taking centre stage in Singapore and beyond
Scroll through your social media feed this holiday season, and practically everyone you know is in Japan or making plans to vacation there.
UOB: Most influential patron in Singapore art scene
UOB's \"day job\" is handling loans, deposits and a wealth of diverse portfolios. But the bank cemented its role as the most influential patron in the Singapore art scene in 2024, investing good chunks of cash in both arts and arts education.
Fong Chi Chung: Putien restaurants make dining out more affordable
In a year where diners made themselves scarce - preferring to spend their strong Singapore dollars overseas, and leading restaurant owners and chefs to despair over empty dining rooms - this power lister made a power move that others in the industry are watching closely.
