In the stock market, Korea Zinc was trading at 1,138,000 won as of 10:20 a.m., up 29.91 percent from the previous day, which is a 52-week high.
The surge in Korea Zinc seems to be due to the prospect that both sides will not secure a stable majority stake even after the tender offer, which will lead to fierce equity competition through on-site purchases or friendly shares in the future.
Korea Zinc is reportedly considering opening the tender offer results as early as today or tomorrow.
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