Korea Zinc Secures 9.85% of Shares and Bain Capital 1.41%

Korea Zinc announced that it has received 9.85% of its total stock issuance from its tender offer until the 23rd.

Korea Zinc announced today (28th) that it has secured a total of 2.04 million 30 shares through the Financial Supervisory Service's electronic disclosure system.

In addition, Bain Capital, which participated in the tender offer as an ally of Korea Zinc Chairman Choi Yoon-beom, will be able to purchase 291,272 shares and 1.4% stake.

Through this tender offer, Korea Zinc's share price has increased to 12.27%, including 1.41% previously.

Earlier, Korea Zinc announced that it would burn all of its shares to enhance shareholder value.

In a statement, Korea Zinc said it had successfully completed an 11.26% tender offer of its own shares, adding that it would consider legal action against MBK and Youngpoong, which have raised market instability.