On the 11th, Korea Zinc announced that it would raise the price of its tender offer for treasury shares from the previous 830,000 KRW to 890,000 KRW.
The maximum purchase volume was also increased from the previous 3,726,591 shares (18% stake) to 4,140,657 shares (20% stake).
The purchase volume by Bain Capital, which is also participating in the tender offer, remains the same at 517,582 shares (2.5% stake), while the volume acquired by Korea Zinc increased to 3,623,075 shares (17.5% stake).
The total tender offer amount also increased significantly. Korea Zinc will invest 3.2245 trillion KRW, and Bain Capital will invest 460.6 billion KRW.
Korea Zinc plans to finance 2.6545 trillion KRW of the 3.2245 trillion KRW through borrowings.
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