SEOUL (Reuters) – Shares of Korea Zinc plunged for a 2nd straight session on Thursday, after a choice by the world’s top zinc refiner to concern brand-new stocks.
Shares fell by as much as 23.2% in Thursday’s earlymorning trade, after striking on Wednesday their everyday lower limitation with a drop of 29.9%.
Korea Zinc stated on Wednesday it prepared to concern brand-new stock worth about $1.8 billion, simply 2 days after it purchased back shares at a greater rate, amidst a fight inbetween its co-founding households for a managing stake.
Analysts criticised the choice as a relocation that might underestimate the interest of investors.
The nation’s