Over 800 Shillajen Shareholders File Complaint Against Sohn Byung-doo, Chairman of Korea Exchange
[Asia Economy Reporter Jang Sehee] Shareholders of SillaJen, whose delisting was decided last month, have filed a complaint with the police against Sohn Byung-doo, Chairman of the Korea Exchange, and its executives. It is reported that about 800 SillaJen investors participated in this complaint.
The SillaJen Shareholders' Union filed a complaint with the Seoul Metropolitan Police Agency on the 9th, accusing Chairman Sohn and the executives of violating the Act on Capital Market and Financial Investment Business.
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The Shareholders' Union claimed that around 2 p.m., when the Exchange's Corporate Evaluation Committee meeting was held last month, institutional investors massively sold shares of M2N, the largest shareholder of SillaJen, causing the stock price to plummet, and argued that this was the result of the delisting review materials and meeting contents being leaked before being made public.
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