[DISCLOSURE] Korea Polymer (009810), a flexible intermediate bulk containers provider, announced on Sept. 13 that it is “mulling a bid for supplying bituminous coal to Korea Electric Power Corp. (015760) and other power plants,” in response to Korea Exchange’s inquiry regarding the recent surge in its stock price. The company will post a statement if it is successful.

“The memorandum of agreement on developing mines in Indonesia can be turn into an actual contract and we are in the progress of raising capital with forfeited shares from its initial public offering after offering to shareholders,” Korea Polymer added.

By Yun Jeong-hyeon (clareyun@heraldcorp.com)