[Featured Stock] Korea Zinc Plunges to Lower Limit During Trading on 2.5 Trillion Won Rights Offering Decision↓

Korea Zinc recorded the lower limit price during trading following the decision on a paid-in capital increase.

As of 12:00 PM on the 30th, Korea Zinc was traded at 1,081,000 KRW, down 462,000 KRW (29.94%) from the previous trading day.

On the same day, Korea Zinc held a board meeting at its headquarters in Gran Seoul, Jongno-gu, Seoul, and announced the decision to proceed with a paid-in capital increase of 3,732,650 common shares.

The subscription price per share is 670,000 KRW. The purpose of the fund raising is to repay debts amounting to 2.3 trillion KRW and to finance facilities with 135 billion KRW. 20% of the new shares will be preferentially allocated to the employee stock ownership association. The subscription period is from December 3 to 4.