"We will respect the court's decision regarding the provisional injunction lawsuit filed by and will not exercise our voting rights in favor of the dismissal of Min Hee-jin at this extraordinary general meeting of shareholders."
"In addition, the court has ruled that 'CEO Min Hee-jin used NewJeans to escape from HYBE's control or to pressure HYBE,
It is clear that the plan was to induce BE to sell its stake in ADOR, weaken HYBE's control over ADOR, and allow CEO Min Hee-jin to gain independence and control over ADOR.
"We plan to take further steps within the framework of the law," they added. HYBE will submit a motion to dismiss CEO Min Hee-jin at ADOR's extraordinary shareholders' meeting on the 31st.
However, this was impossible as the motion to ban the exercise of voting rights filed by CEO Min Hee-jin against HYBE was upheld.
2024/05/30 18:18 KST
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