[Special Stock] Korea Zinc Surpasses 1.9 Million Won Ahead of Next Month's General Meeting of Shareholders

Korea Zinc's stock price has surpassed the 1.9 million KRW mark and is heading towards 2 million KRW.

As of 3:07 PM on the 5th, Korea Zinc was trading at 1,925,000 KRW, up 254,000 KRW (15.2%) from the previous trading day.

Meanwhile, Korea Zinc is scheduled to hold an extraordinary general meeting of shareholders on the 23rd of next month. Bain Capital, a global private equity fund (PEF) operator and a white knight for Chairman Choi Yoon-beom of Korea Zinc, has actively entered the competition to secure shares, acquiring Korea Zinc stock at 1.65 million KRW.

The Korea Exchange announced on the 3rd that Korea Zinc would be designated as an investment warning stock and designated it as an investment caution stock for one day on the 4th, but the overheated investment enthusiasm did not subside at all.

The MBK-Youngpoong alliance and Korea Zinc are expected to engage in a vote battle over the appointment of 14 new directors proposed by MBK and amendments to the articles of incorporation at the extraordinary general meeting scheduled for 9 AM on January 23rd next year.