Reported 27 days ago
Korea Zinc Co. experienced a significant drop in share value, plummeting by 30% after the chairman announced plans for a heavily discounted $1.8 billion stock offering to pay down debt. The decision, which allocates a portion of shares to employees, has raised concerns among investors about the impact on existing shareholders and the company's financial strategy amidst an ongoing battle for control between rival factions.
Source: YAHOO