Korea Zinc is trading at 1,138,000 won, up 29.91% from the previous day, and Yeongpung Precision is also trading at 26,000 won, up 30% as of 10:50 p.m.
The surge in Korea Zinc and Youngpoong Precision related to the management dispute seems to be due to the prospect that the two sides will not secure a stable majority stake even after the tender offer, which will lead to fierce equity competition, including on-site purchases in the future.
Korea Zinc is reportedly considering opening the tender offer results as early as today or tomorrow.
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