[Special Stock] Yeongpung·MBK Alliance 'Counter' Increase Sparks Sharp Rise in Korea Zinc Stock Price↑

The stock price of Korea Zinc, which is currently involved in a management rights dispute, surged on the 4th due to a counter increase by Youngpoong and MBK Partners.

As of 3:20 PM, Korea Zinc was trading at 779,000 KRW, up 66,000 KRW (9.26%) from the previous trading day.

The stock price, which had been fluctuating around the 6% range during the session, sharply increased right after the Youngpoong-MBK alliance raised their tender offer price to 830,000 KRW.

Although the 4th was originally scheduled as the last day for the Youngpoong-MBK alliance's tender offer, the stock price exceeded the initially proposed tender offer price of 750,000 KRW, raising the possibility of an additional price increase and a higher tender offer price.

In the afternoon, the Youngpoong-MBK alliance announced that they would raise their tender offer price to 830,000 KRW, matching that of Korea Zinc Chairman Choi Yoon-beom's side.