The Seoul Western District Court is set to host a hearing on HYBE's request to organize a general shareholders' meeting aimed at ousting ADOR CEO Min Hee Jin.
Scheduled for 4:35 PM on April 30 KST, the court will conduct the hearing in private, adhering to the provisions outlined in the Non-Litigation Case Procedure Act.
Should the court grant approval for the shareholders' meeting, a notification will be issued to arrange an extraordinary general meeting within 15 days. During this meeting, HYBE intends to replace current directors, including CEO Min, with new appointees. The entire process is anticipated to span approximately two months.
SEE ALSO: HYBE responds to ADOR CEO Min Hee Jin's press conference in detailed statement
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2024-04-30 04:52:00Z
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