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[Asia Economy Reporter Hyunseok Yoo] On the 6th, Kukbo announced through a public disclosure on the 3rd that at the extraordinary general meeting of shareholders held in Namcheon-dong, Suyeong-gu, Busan, the agenda to dismiss 4 existing directors, appoint 4 new directors, and amend the articles of incorporation were all approved.
This means that all the proposals pushed by the company were passed. The special resolution requirements of approval by one-third of the total shares and voting rights of more than two-thirds of the shares present were met. It is interpreted that the shareholders fully supported the company at this extraordinary general meeting of shareholders.
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Despite this turmoil, the company plans to accelerate the new business it has been diligently pursuing by winning at the shareholders' meeting. Hyun Kukbo, CEO of Kukbo, said, "I sincerely thank the shareholders who believed in the company until the end, and I will take this opportunity as a lesson to do my best."
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