bearish

Korea Zinc

FSS Could Put a Break on the Massive Capital Raise by Korea Zinc This Year

432 Views31 Oct 2024 20:04
From the tone and contents of what the FSS Deputy Director Ham has said, we would put a 80-90% probability that the FSS puts a break on Korea Zinc's efforts to complete this capital raise this year.
What is covered in the Full Insight:
  • Introduction
  • Implications of FSS Actions
  • Analysis of Korea Zinc's Capital Raise
  • Potential Scenarios
  • Impact on Share Price
Boomeranged on Wed, 6 Nov 2024 19:32
On 6 November, FSS announced that it requested a submission of a correction report on the 2.5 trillion capital raise plan by Korea Zinc. FSS mentioned "there were insufficient details on the circumstances of capital increase, decision-making process, and the results of the underwriter’s corporate due diligence." Accordingly, the capital increase plan by Korea Zinc has temporarily been suspended.
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