'Act' Operator Conduit's CEO Sangmok Lee Also Accused
"Former CEO Junyong Lee Publicly Declared Support for 3-Party Alliance in the Name of 'Shareholder Solidarity'...Causing Market Confusion"
Lee Jun-yong, former representative of the Hanmi Science Shareholders' Solidarity, who publicly supported and then withdrew support for the three-party alliance (Shin Dong-guk, Song Young-sook, Lim Ju-hyun), a major shareholder of Hanmi Science, has been reported for violating the Capital Markets Act.
On the 22nd, lawyer Heo Kwon, CEO of the shareholder action platform 'HeyHolder,' announced that he submitted a complaint to the Yeongdeungpo Police Station in Seoul against former representative Lee Jun-yong, Lee Sang-mok, CEO of Conduit operating the shareholder action platform 'Act,' and Yoon Tae-jun, head of the Act Governance Research Institute, for violating the Capital Markets Act.
Previously, former representative Lee publicly declared support for the three-party alliance under the name of 'Hanmi Science Shareholders' Solidarity' without gathering shareholders' opinions, citing reasons such as recognizing the sincerity of Shin Dong-guk, chairman of Hanyang Precision. Later, he withdrew the support declaration, stating that he did not have the authority to publicly support the three-party alliance and that shareholders' opinions were not reflected in the declaration.
Lawyer Heo criticized, "Lee Jun-yong and others were elected as shareholder representatives in a vote involving only 0.1% of the total issued shares and 0.06% of all shareholders. They were only granted the authority to receive electronic proxies and to write posts on the shareholder solidarity notice board within Hanmi Science stocks. Despite knowing this, they publicly supported the three-party alliance under the name of 'Hanmi Science Shareholders' Solidarity' without gathering opinions from other shareholders."
He pointed out, "Article 178, Paragraph 2, Subparagraph 4 of the Capital Markets Act prohibits acts that cause others to make incorrect judgments or misunderstandings about the price of listed securities, classifying such acts as market order disturbance. The public support declaration by former representative Lee Jun-yong and others constitutes market order disturbance."
Heo also added the claim that former representative Lee violated the procedures stipulated in Article 152, Paragraph 1 and Article 153 of the Capital Markets Act during the process of soliciting proxy voting rights.
He further asserted, "Ignoring the substantial interests of shareholders and aiming to enable Conduit to gain economic benefits, the involved parties conspired with Shin Dong-guk to have Lee Jun-yong make the three-party alliance support declaration."
Meanwhile, HeyHolder is actively working to realize the rights of minority shareholders related to Hanmi Pharm.
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