[Breaking] "Chairman Hong Won-sik Must Transfer Namyang Dairy Shares" Han & Co Wins Again in Second Trial

[Asia Economy Reporter Kim Daehyun] In the '300 billion KRW-scale M&A lawsuit' between Hong Wonsik, chairman of Namyang Dairy Products, and the private equity firm Hahn & Company (Hahn & Co), Hahn & Co has won again in the second trial. If the ruling is finalized, Chairman Hong's family will have to transfer their shares of Namyang Dairy Products to Hahn & Co, and the major shareholder will also change to Hahn & Co.

At 2:08 PM on the 9th, the Seoul High Court Civil Division 16 (Presiding Judges Cha Munho, Lee Yanghee, Kim Kyungae) ruled in favor of the plaintiff, Hahn & Co, in the appeal trial of the stock transfer lawsuit filed against Chairman Hong's family, just as in the first trial.