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Photo: Financial Supervisory Service |
[Alpha Biz= Kim Jisun] The Financial Supervisory Service (FSS) has denied media reports on Thursday stating that MBK Partners and Youngpoong used undisclosed information for mergers and acquisitions (M&A) and referred the case to prosecutors.
The FSS issued a statement saying, "The contents of the report are inaccurate, and we request careful consideration when reporting on the matter."
Earlier on the 8th, some media outlets reported that financial authorities had found evidence that MBK Partners received undisclosed consulting information from Korea Zinc and used it in an alleged hostile M&A attempt. The reports also mentioned that the case, involving suspicious large-scale sales on the last day of the tender offer by Youngpoong and MBK Partners, leading to a drop in stock prices, had been referred to prosecutors for possible stock manipulation.
MBK Partners responded, stating, "We have never engaged in unfair trading or used undisclosed information for the Troika Drive M&A, nor have we been investigated by financial authorities on these matters."
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
