[Asia Economy Reporter Jang Hyowon] Jungbu Corporation, which has become the largest shareholder and current management of Soribada, is in conflict over the shareholder registry.
On the 6th, Jungbu Corporation claimed that the shareholder registry provided by Soribada's current management did not include detailed addresses, making proxy voting activities impossible. On the 25th of last month, Jungbu Corporation obtained a court order from the Seoul Central District Court allowing inspection and copying of the shareholder registry.
A Jungbu Corporation official stated, “When there are thousands of shareholders, the registry is usually delivered via Excel or similar formats, but Soribada notified us to visit in person and scan each page, and even then, detailed addresses were missing. This clearly infringes on the proxy voting rights guaranteed by law, raising concerns about disruptions at the upcoming extraordinary general meeting of shareholders.”
In response, Soribada said, “At 9:24 a.m. that day, the detailed shareholder registry was delivered through our legal representative,” and rebutted, “Jungbu Corporation is spreading false information and tarnishing the company's image.”
Furthermore, Soribada stated, “Jungbu Corporation has continued performances to win shareholder favor, such as submitting a complaint without verifying facts on September 29th,” and claimed, “The damage from this is falling entirely on the minority shareholders.”
Meanwhile, Soribada plans to hold an extraordinary general meeting of shareholders on the 20th, including matters such as the appointment of directors.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
