[Featured Stock] Namyang Dairy Products, Prolonged Management Dispute... Stock Price Drops Over 8%
On the 18th, Namyang Dairy Products is showing weakness.
As of 9:26 AM on the same day, Namyang Dairy Products' stock price is trading at 447,500 KRW, down 8.67% compared to the previous trading day.
Earlier, the Supreme Court announced that the non-deliberation period for the stock transfer lawsuit between domestic private equity firm Hahn & Company and Chairman Hong Won-sik regarding Namyang Dairy Products has passed. Non-deliberation refers to a system under the Special Act on Appellate Procedures where the Supreme Court dismisses an appeal case without additional review. The passing of this period means that the court has decided not to dismiss the case and will further examine it.
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Accordingly, it is anticipated that the Supreme Court's final ruling could take up to three years to be issued.
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