[Featured Stock] HYBE Falls Amid Setback in Min Hee-jin's Dismissal Plan
HYBE is declining. It appears that the halt on the dismissal of Min Hee-jin, CEO of Adore, has had an impact.
As of 10:17 AM on the 31st, HYBE was trading at 196,000 KRW, down 8,000 KRW (3.92%) from the previous trading day.
The Seoul Central District Court granted the injunction filed by CEO Min the day before, prohibiting the exercise of voting rights against HYBE.
Earlier, HYBE had launched an audit, suspecting that CEO Min had planned to seize control of Adore's management. They also filed charges against CEO Min for breach of fiduciary duty.
Hot Picks Today
"I Just Want to Sleep": Prime Minister Takaichi...
- "You Can Only Have This in Korea": Which National Museum Cafe Menu Is Captivatin...
- "This Has Never Happened to Me in Korea"... Gwangjang Market Stall That Charged ...
- This Is Truly "Unbelievable Stories"... Went to Renew License, Flagged as Identi...
- "Never Hike Alone as a Woman" "Even Two Are at Risk"... Growing Fear of Crime on...
Additionally, an extraordinary shareholders' meeting was held that day to dismiss CEO Min and directors close to her. However, due to the court ruling the previous day, exercising voting rights for CEO Min's dismissal became difficult.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
