The stock price of Korea Zinc surged after the court dismissed the second injunction lawsuit to halt the company's share buyback process on the 21st.
As of 2:49 PM, Korea Zinc was trading at 876,000 KRW, up 6.31% from the previous trading day.
This price is close to the final tender offer price of 890,000 KRW proposed by Korea Zinc.
After initially falling 7.65% at the start of the session and narrowing the decline to around 1%, the stock price turned to a strong gain of 6-7% immediately following the court's dismissal of the injunction.
On the same day, the Seoul Central District Court Civil Division 50 (Chief Judge Kim Sang-hoon) dismissed the injunction request filed by Youngpoong against Korea Zinc Chairman Choi Yoon-beom's side to halt the tender offer process.
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