Konig Glory "Sued for Injunction to Suspend Effect of General Meeting Resolution"
[Asia Economy Reporter Han Jinju] Konic Glory announced on the 10th that Mr. Jeong Haejong filed a provisional injunction application for suspension of the effectiveness of the shareholders' meeting resolution at the Seoul Central District Court.
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The company stated, "Article 31, Paragraph 2 of Konic Glory's Articles of Incorporation strengthens the resolution method of the shareholders' meeting in cases involving hostile takeovers or mergers leading to the dismissal of existing directors, appointment of new directors, or amendments to the Articles of Incorporation," and added, "We plan to respond through legal procedures via our legal representatives."
This content was produced with the assistance of AI translation services.
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