Min “Chairman Track loves New Genes… “Personal house”
Hive Aspect “Approaching Safe Administration Rights”
“Dunamu has the identical voting rights because the falcon.
“I am unable to assist Chief Min to train administration rights.”
▲ Bang Si-hyuk
It has been confirmed that Adore CEO Min Hee-jin (46), who’s concerned in a authorized battle with Hive led by Bang Si-hyuk (52), met with Dunamu President Track Chi-hyeong (45) and Naver CEO Choi Su-siud (43). Hive mentioned CEO Min met them as buyers, however Chairman Track and CEO Choi, who’re followers of New Genes, reportedly attended a dinner with CEO Min and an acquaintance. It’s also identified that Chairman Bang had beforehand tried to introduce Chairman Track to Consultant Min.
In line with a report by the Seoul Shinmun on the twentieth, it was confirmed that the high-ranking officers of Dunamu and Naver that CEO Min met with in March have been Chairman Track and CEO Choi, respectively. The Hive aspect mentioned that on the preliminary order listening to on the suspension of voting rights held at Civil Settlement Division 50 of the Seoul Central District Courtroom (Chief Decide Sang-hoon Kim) on the seventeenth, Chief Min aimed toward administration rights and attacked Firm D (Dunamu), a shareholder of Hive, and Firm N (Naver), a three way partnership companion. Supplied by Dunamu
In response to this, President Track Chi-hyung of Dunamu, Chief Min, mentioned in an announcement on the nineteenth, “It’s true that I met the 2 at a dinner invited by an acquaintance, Mr. .“It was determined in a secret assembly,” he mentioned. “(Chairman Track) is somebody who instructed me a very long time in the past that he want to meet me via Chairman Bang.” He additionally mentioned concerning the Chairman Track, “He was very fascinated with New Genes, and he mentioned he wished to return to New Genes’ efficiency in Tokyo Dome, so we solely had a quick dialog concerning the efficiency afterwards.” As for CEO Choi, he defined, “After (the dinner), we solely exchanged a number of contacts to share private considerations. “
Alternatively, Hive claims that CEO Min met with the 2 after they hatched a plan to realize administration rights by forcing Hive to promote his shares of Adore. It’s mentioned that Consultant Min first spoke to Chairman Track and Consultant Choi, however the two interrupted him (CEO Min) to forestall sure discussions and relayed this truth to Hive.
Dunamu and Naver are within the place that “there’s nothing that may be confirmed on this regard. The 2 firms have an in depth cooperative relationship with Hive specifically, Dunamu is the third largest shareholder with a 5.6% stake in Hive, having acquired shares value a whole lot of billions via a 3rd occasion capital enhance by Hive in November 2021. .
On this regard, it’s indicated that Dunamu and Naver can’t be used as a method to train administration rights. A lawyer specializing in company mergers and acquisitions (M&A) mentioned, “Dunamu shouldn’t be a serious normal shareholder, however a joint proprietor of Hive shares along with President Bang and Netmarble .” He mentioned, “Because the co-owners have agreed to collectively train voting rights, (CEO Min) He mentioned, “You can’t switch administration rights from the Hive.”
Reporter Min Na-ri
