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Court to hear HYBE's bid to oust ADOR CEO Min Hee Jin in shareholders' showdown

AKP STAFF
Posted by EunhaYi Tuesday, April 30, 2024

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: K-netizens react to NJZ parents accusing Bang Si Hyuk of allegedly trying to cancel NJZ's Hong Kong performance

  1. Min Hee Jin
127 24,025 Share 80% Upvoted
 
Bombtwo
Bombtwo7,638 pts Tuesday, April 30, 2024 23
Tuesday, April 30, 2024

Good, I prefer the due process of law over rumour mongering involving shamans and cults, or unfounded speculations by the uninformed.

44 (+54 / -10)
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Temp-Bees
Temp-Bees2,409 pts Tuesday, April 30, 2024 0
Tuesday, April 30, 2024

Finally, the right way to handle this entire blown-out-of proportion mess. The party in the wrong will get their due penance. Not a lot of faith in the justice system, but at the very least, they're better-equipped to handle this than the uninvolved netizens screaming at each other in public forums such as this. Sounding like a broken record at this point, but I once again hope this situation gets resolved soon and the artists can get back to normalcy.

37 (+38 / -1)
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