Infinite Healthcare, a subsidiary of Solborn specializing in medical imaging solutions, announced on the 16th that the Seoul Southern District Court has dismissed all injunction requests filed by shareholder Heo and one other individual seeking to prohibit the convening of an extraordinary general meeting of shareholders.
This decision comes as part of a recent management rights dispute lawsuit, in which shareholders filed for an injunction to block the extraordinary general meeting. The court ruled that there was no valid reason for the request.
The case concerns the convening of Infinite Healthcare’s extraordinary general meeting and the restriction of certain voting rights. The shareholders requested the court to restrict Solborn’s voting rights on major agenda items such as the "amendment of the articles of incorporation" and the "dismissal of directors," while allowing specific shareholders, including Heo, to exercise their voting rights. However, the court found the purpose and grounds of the application insufficient and did not accept the shareholders’ claims.
A representative from Infinite Healthcare stated, "This court decision refutes the contradictory logic of the shareholders, who sought to prohibit the convening of an extraordinary general meeting that was intended to address the very agenda items they proposed. We expect that the scheduled extraordinary general meeting and the handling of agenda items will proceed without disruption."
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