Korea Zinc shares dive after announcing $1.8 billion new stock issuance

Quick Summary:

SEOUL :Shares in Korea Zinc fell as much as 29.9 per cent to their daily lower limit in Wednesday's trade, after the world's top zinc refiner announced a plan to issue new stock worth 2.5 trillion won ($1.81 billion).

The new shares will be listed on Dec.18, the filing said.

Choi, Chairman of Korea Zinc's board speaks during a press conference in Seoul, South Korea, October 4, 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth Korea

Topics: Trillion Cent Board Company Korea Dive Shares Announcing Zinc Seoul Choi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 10:48:22 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23334808

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