Advance ZincTek, a renowned cosmetics manufacturer, has experienced a surge due to a projected off-market cash takeover offer.

The prospective buyer is Mizikovsky Group, expressing interest in acquiring a 70% stake in the company at a proposed price of A$0.97 per share.

This proposed price signifies a 9% premium to the stock’s last recorded closing price.

However, as per the most recent close, Advance ZincTek’s stock is down by 62.6% year-to-date.

Advance ZincTek (ASX:ANO) is a leading global company in the cosmetics manufacturing industry.