After Financial Supervisory Service Correction Request, Engaging with Institutional Investors
Attention on Whether to Adjust Public Offering Strategy Cautiously
Whether Shareholder Demands Are Reflected Will Affect Future Stock Price and Credibility
Korea Zinc is reportedly visiting Yeouido recently to gather opinions from investors and market stakeholders regarding its recent plan for a public offering through a rights issue.
According to the financial investment industry on the 8th, Korea Zinc received a request for correction of its securities registration statement from the Financial Supervisory Service and subsequently engaged in communication with institutional investors during its visit to Yeouido. Korea Zinc recently announced a public offering through a rights issue. Some market stakeholders raised questions about the timing and purpose of the offering and advised that restoring shareholders' trust is necessary.
On the 6th, the Financial Supervisory Service requested Korea Zinc to correct its registration statement for the public offering through a rights issue. The main requirements included strengthening the explanation of the background and purpose of pursuing a public offering immediately after the tender offer. Accordingly, attention is focused on how Korea Zinc's future decisions will affect the promotion of the offering.
Some believe that Korea Zinc is likely to adjust its rights issue strategy more cautiously, reflecting the concerns of shareholders and the market. Korea Zinc's decision on whether to readjust the public offering plan by incorporating market perspectives and shareholders' demands or to maintain the existing plan is expected to have a significant impact on its future stock price and corporate credibility.
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