Reported about 1 month ago
Korea Zinc Co. shares surged by 30% as investors await the results of a stock buyback initiated by Chairman Choi Yun-beom, aimed at protecting the company from a $12.5 billion takeover bid. Currently trading at 1,138,000 won, well above the buyback price of 890,000 won, investors seem optimistic about potential higher offers amidst ongoing battles for control in the firm, which saw its shares more than double since the takeover effort began.
Source: YAHOO