[Featured Stock] Korea Zinc Share Price Soars↑... Final Public Purchase Price Approaches
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.
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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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