DB HiTek Receives Injunction Request for Inspection and Copying of Accounting Books
DB HiTek announced on the 20th that Yuhan Company Caropy Holdings has filed a provisional injunction lawsuit for inspection and copying of accounting books (management rights dispute).
Caropy Holdings is a special purpose company (SPC) established by the activist fund KCGI in March. It acquired 7.05% of DB HiTek's shares (3,128,300 common shares) and became the second largest shareholder.
The lawsuit filing and application date was the 9th, and the competent court is the Bucheon Branch of the Incheon District Court.
DB HiTek stated, "We plan to respond according to legal procedures."
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