[Market Focus] Kolmar Family's Stake Battle Intensifies... Kolmar BNH Rallies for Second Day

Kolmar BNH has shown strong performance for two consecutive days as the management dispute between siblings Yoon Sanghyun, Vice Chairman of Kolmar Holdings, and Yoon Yeowon, CEO of Kolmar BNH, continues.

As of 9:20 a.m. on August 21, Kolmar BNH was trading at 19,250 won, up 1,550 won (8.76%) from the previous trading day.

The previous day, Kolmar BNH surged 29.96% to close at the upper limit of 17,700 won. Kolmar Holdings also ended the session at 14,230 won, up 8.71% from the previous day.

According to a public disclosure, CEO Yoon's mother, Kim Seongae, purchased 13,749 shares, equivalent to a 0.05% stake, over two days on the 11th and 12th, while CEO Yoon's husband, Lee Hyunsoo, bought 3,000 shares, representing a 0.01% stake. Typically, when a management dispute arises, large-scale buying occurs as part of a battle for control, putting upward pressure on the stock price.

In April, Vice Chairman Yoon attempted to appoint himself and former CJ CheilJedang Vice President Lee Seunghwa as inside directors of Kolmar BNH, citing poor performance under his younger sister's leadership, but CEO Yoon rejected the proposal.

As a result, Vice Chairman Yoon filed a lawsuit with the Daejeon District Court in May seeking approval to convene an extraordinary general meeting, and the court granted the request last month. Accordingly, Kolmar BNH must put the agenda of appointing Vice Chairman Yoon and former Vice President Lee Seunghwa as inside directors to a vote at an extraordinary general meeting by September 26.

Recently, after the court accepted the request to convene an extraordinary general meeting, Chairman Yoon Donghan and his daughter, CEO Yoon, filed an injunction with the Seoul Central District Court on August 11 to block the meeting, further intensifying the conflict.

This content was produced with the assistance of AI translation services.