Namyang Dairy’s shareholders’ meeting postponed… Former Chairman Hong Won-sik withdrawn from sale


Namyang Dairy Chairman Hong Won-sik holds a press conference to apologize to the public in relation to the ‘Bulgaris incident’ at Namyang Dairy’s headquarters in Gangnam-gu, Seoul on the morning of the 4th. Namyang Dairy Chairman Hong Won-shik announced his intention to resign at a press conference on the same day to apologize to the public. 2021.5.4/News1 © News1
Namyang Dairy has postponed the extraordinary general meeting of shareholders on the 30th to sell the shares and management rights of the former chairman Hong Won-sik’s family. In the food industry, there are speculations that former chairman Hong has withdrawn his intention to sell.

Namyang Dairy announced that the extraordinary general meeting of shareholders for the transfer of management, which was scheduled on the same day, would be postponed to September 14. The reason was that ‘it takes time to prepare for the conclusion of the stock sale contract between the two parties’. An official from Namyang Dairy said, “It is not possible to know the exact reason for the postponement because it was a deal between the signatures of the former chairman Hong family.”

Han & Company, which had finished preparing to pay the stock trading price on the same day, is considering legal action. In a press release, Han & Company said, “We express deep regret that the shareholders’ meeting for the transfer of management was postponed for six weeks due to the unilateral will of the current major shareholder, the seller (former Chairman Hong Won-sik).” “It is an obvious violation of the stock sale contract,” he said, adding that “a review of all countermeasures, including legal action, is inevitable.” Former Chairman Hong resigned as chairman after taking responsibility for the controversy that arose when he announced that Namyang Dairy’s ‘Vulgaris’ was effective in preventing the novel coronavirus infection (COVID-19) in April of this year. Then, they signed a contract to sell all their shares to Han & Company. On this day, Namyang Dairy’s stock price closed at 603,000 won, down 7.66% from the previous day as news of the postponement of the shareholders’ meeting was delivered. Reporter Park Seong-jin [email protected] Go to reporter page>

Source: 동아닷컴 : 동아일보 전체 뉴스 by www.donga.com.

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