Korea Zinc Hits Price After Tender Offer..."Because I'm looking forward to the second half".

Korea Zinc is hitting its upper limit in early trading today after its tender offer of treasury stocks.

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.