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As KCGI’s preliminary injunction petition for a ban on the issuance of new shares, led by Hyeon-ah Cho, former vice president of Korean Air, began, Hanjin Group said on the 24th: “In the case of a provisional injunction summons , the prerequisites for closing the transaction are not met.There is no such thing and KCGI is responsible for all responsibilities of Insu Musan.
It has been confirmed that KCGI is also asking Hanjin Kal to call an extraordinary shareholders’ meeting and is considering a plan to recommend Kim Shin-bae, former vice president of SK Group, as a director.
At the March ordinary shareholders’ meeting, the same agenda was asked, but it was rejected and Kim Shin-bae withdrew the card again. At that time, KCGI said: “Samsung Electronics’ home and professional executives, who have served as SK Group Vice President, SK C&C CEO and SK Telecom CEO. exercising excellent organizational management and sales skills in corporate offices abroad “.
Obviously, KCGI is keen to pick a breath, saying there’s no clear decision yet, but the industry hasn’t ruled out the possibility that KCGI will pull out a super strong card in the management rights dispute.
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