[Special Stock] Zaigle Surges 22% on US Secondary Battery Joint Venture Plans... 4 Consecutive Days of Gains

On the 31st, Zaigle showed strong performance in the early trading session. This appears to be due to investor interest following news the previous day about the company’s plan to establish a joint venture (JV) for secondary batteries.

As of 9:50 a.m. that day, Zaigle’s stock price was trading at 24,300 KRW, up 22.85% compared to the previous trading day. At one point during the session, the price surged close to the daily limit of 30%. Zaigle’s stock has been on an upward trend for four consecutive trading days.

In response to the Korea Exchange’s inquiry disclosure request regarding significant market fluctuations, Zaigle stated the previous day, “We are currently discussing details about establishing and investing in a secondary battery joint venture in Virginia, USA,” adding, “The investment amount and schedule of the joint venture cannot be disclosed due to confidentiality agreements with the US side.”

Regarding whether a third-party allotment capital increase will take place, the company said, “We are reviewing overseas investment attraction, but nothing has been concretely decided yet.”