Namyang ex-chairman Hong says sale will proceed Hong said meeting was postponed only because two sides were not prepared
Translated by Kim So-in 공개 2021-08-19 08:04:16
이 기사는 2021년 08월 19일 08:01 thebell 에 표출된 기사입니다.
Namyang Dairy Products ex-chairman Hong Won-sik, who was recently slammed for his abrupt decision to postpone an extraordinary shareholders meeting and delay the sale of his shares to private equity firm Hahn & Company, said that the deal will proceed as planned.Having kept silent for the last two weeks, Hong said in a statement Tuesday that the extraordinary shareholders meeting was postponed because the two parties were not fully prepared to complete the deal and that there won’t be any change.
“(Namyang) is currently trying to coordinate with Hahn & Co on the terms and conditions to close the deal and further negotiations will be held soon to complete the deal,” said Hong.
In response to Hong’s statement, Hahn & Co said it was not aware of it beforehand and it disagrees with the statement. While Hong said that the two parties were not prepared, Hahn & Co had completed all procedures to close the deal by the scheduled date.
Hahn & Co also argued that Namyang unilaterally delayed the extraordinary shareholders meeting which was supposed to take place at the end of July .
It is notable that Hong suddenly revealed his statement two weeks prior to the closing date of the transaction. Hahn & Co has continuously said that the closing date cannot exceed August 31.
Industry watchers said Hong announced his statement to avoid taking responsibility for the postponement of the scheduled meeting as much as possible.
Hong also said the sale will still go ahead, probably to dismiss shareholders and employees’ concerns over uncertainty.
Hahn & Co retains its position that it is impossible to cancel the transaction with Hong while reviewing possible legal action against Hong. (Reporting by Gyoung-tae Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- 수출입은행, 상반기 출자사업에 14곳 출사표
- 카카오, 2억달러 교환사채 발행 '공식화'
- [Red & Blue]수급 몰리는 피제이메탈, 알루미늄 시세 급등 '수혜'
- 이에이트, 가천대·길병원과 '디지털 트윈 병원' 구축 MOU
- [멀티플렉스 재무 점검]베트남만 남은 롯데시네마 해외사업
- [뮤지컬 제작사 열전]EMK컴퍼니, 고속성장 비결은 '대기업과 10년 동맹'
- 모트롤 인수 추진하는 두산그룹, 3년 전과 달라진 건
- [LG화학의 변신]패착된 NCC 증설, 자산 유동화 '제값 받기' 관건
- [캐시플로 모니터]포스코인터 '조단위 투자' 거뜬한 현금창출력
- [항공사 기단 2.0]'공격 확대' 에어프레미아·이스타, 매출·리스 줄다리기