Korea Zinc goes straight to lower limit on news of paid-in capital increase

Korea Zinc shares, which had been rising every day, hit a lower limit on the news of a paid-in capital increase.

KOREAZIN stock price dropped to 1,081,000 won in the afternoon.

Investor sentiment seems to have worsened on the news that Chairman Choi Yoon-beom held a board meeting and decided on a paid-in capital increase worth 2.5 trillion won.

This paid-in capital increase will be conducted in a general public offering that gives an unspecified number of people, including existing shareholders, a chance to subscribe, but the employee stock ownership association has the right to subscribe 20% first.