"Suspension of Tender Offer" Dismissal of Disposition...Korea Zinc shares soar

Shares of Korea Zinc are soaring after Youngpoong's application for an injunction against Korea Zinc to suspend the tender offer process was rejected.

After the court's decision to dismiss it this morning (21st), Korea Zinc's stock price rose more than 6% to 870,000 won.

At one point during the day, it rose to 889,000 won, approaching Korea Zinc's open purchase price of 890,000.

With the court's decision, Korea Zinc will be able to proceed with the tender offer of its treasury stocks, which will run until the 23rd, as scheduled.