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.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.