[Special Stock] Goryeo Zinc Stock Rises Again as Public Tender Offer Price Raised to 750,000 Won

Korea Zinc's stock price is rising again.

As of 9:15 AM on the 26th, Korea Zinc was trading at 727,000 KRW, up 23,000 KRW (3.27%) from the previous trading day.

Youngpoong and MBK Partners have abruptly raised the tender offer price for Korea Zinc from 660,000 KRW to 750,000 KRW.

Youngpoong Precision also increased its tender offer price from 20,000 KRW per share to 25,000 KRW per share, a 25% hike.

The increased tender offer price of 750,000 KRW for Korea Zinc is 11.6% higher than the all-time high of 672,000 KRW since its listing. It reflects a premium of 45.1% and 50.5% over the volume-weighted average prices for the three and six months prior to the initial tender offer date (516,735 KRW and 498,368 KRW, respectively).

This price is 34.9% higher than the closing price of 556,000 KRW on the 12th immediately before the tender offer, and 34.6% higher than the 52-week high closing price of 557,000 KRW.