[Featured Stock] Korea Zinc Stock Price Decline↓... 'Imminent Injunction Ruling, Volatility Alert'
The stock price of Korea Zinc is on a downward trend.
As of 9:11 AM on the 21st in the KOSPI market, Korea Zinc was trading at 806,000 KRW, down 18,000 KRW (2.18%) from the previous trading day.
With the second provisional injunction result requested by the Yeongpung-MBK alliance to block Korea Zinc's share buyback expected as early as today, there are voices urging stock investors to be cautious as Korea Zinc's stock price could fluctuate significantly immediately after the court ruling.
After the management rights dispute, Korea Zinc's stock price, which had been hovering in the 500,000 KRW range, surpassed the tender offer price of 660,000 KRW on the first day of the Yeongpung-MBK alliance's public tender offer on the 13th of last month, and then surged above 700,000 KRW last month.
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Furthermore, after Korea Zinc's share buyback began, the price rose to as high as 830,000 KRW.
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