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.
*The article has been translated based on the content of 동아닷컴 : 동아일보 전체 뉴스 by www.donga.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!