Sehwa IMC: "No Issues in Capital Increase Process... Will Actively Respond to Minority Shareholders' Lawsuit"

[Asia Economy Reporter Jang Hyowon] Sehwa IMC has posted a statement saying it will take a strong stance regarding the complaint filed by minority shareholders.

Sehwa IMC (CEO Son Odong) announced on the 19th through a statement on its website that it will respond firmly to the complaint filed on the 17th by minority shareholders accusing the CEO and management of breach of duty.

Sehwa IMC explained that the recent capital increase was an essential measure for resuming trading and improving financial conditions.

A company official stated, “The capital increase mentioned by the minority shareholders was a necessary procedure to secure the company’s financial soundness, and there were no defects whatsoever. Raising issues at this point, nine months after the capital increase, is an act that obstructs the company’s resurgence.”

Sehwa IMC conveyed through its statement that it will take a strong stance against the complaint. A company representative said, “We will respond strictly and resolutely using civil and criminal legal measures against actions that cause damage to the company and its shareholders.”

He added, “We are striving to overcome the difficulties the company faced and to regain our leading position in the industry. At the moment when visible results are about to appear, we will not be shaken by attempts to derail this and will firmly move forward for a new leap.”

This content was produced with the assistance of AI translation services.