Namyang Dairy Temporary General Meeting, All Proposals Rejected Due to Lack of Quorum

Hong Won-sik, chairman of Namyang Dairy Products, attended the National Assembly's audit on the Fair Trade Commission held by the National Assembly's Judiciary Committee on the 5th, listening to questions from lawmakers. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Lim Hye-seon] The Namyang Dairy Products temporary shareholders' meeting held at 9 a.m. on the 29th ended rather uneventfully.

All agenda items at the Namyang Dairy Products temporary shareholders' meeting were rejected due to a lack of quorum. Through this meeting, Namyang Dairy Products planned to appoint Kim Seung-eon, Senior Head of Namyang Dairy Products, Jung Jae-yeon, Head of Namyang Dairy Products Sejong Factory, and Lee Chang-won, Head of Namyang Dairy Products Naju Factory as inside directors, and Lee Jong-min, Director of Kwangwoon Foundation, as an outside director.

Earlier, the court prohibited the voting rights (53.08%) of Chairman Hong Won-sik's family. It is reported that 20 shareholders attended the temporary shareholders' meeting.

Namyang Dairy Products plans to hold a board meeting in the afternoon to decide on future management directions and then announce their position.

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