ENTERTAINMENT
Adore Board of Directors meeting to be held on the 10th
According to the music industry on the 7th, Adore decided to hold a board meeting somewhere in downtown Seoul at 9 am on the 10th. Currently, it is known that the agenda to be submitted to the board of directors is to convene an extraordinary general meeting of shareholders.
CEO Min Hee-jin announced at the hearing on the application for permission to convene an extraordinary general meeting of shareholders held at the Seoul Western District Court on the 30th of last month that the board of directors will meet by the 10th of this month and that an extraordinary general meeting of shareholders will be held by the end of this month.
This schedule is about 1 to 2 weeks earlier than Hive's plan to pursue by applying to the court for permission to convene an extraordinary general meeting of shareholders, and was interpreted as CEO Min's intention not to lose the initiative. However, it has not been reported what agenda Adore will bring to the extraordinary shareholders' meeting.
If Hive's request for dismissal of the CEO is not submitted, the court may intervene after the 13th and permit the convening of an extraordinary general meeting of shareholders at which this agenda is submitted.
Currently, Adore's board of directors consists of CEO Min and his close associates, Vice CEO Shin and Director Kim. If the board of directors decides to convene an extraordinary general meeting of shareholders, considering that it takes 15 days to notify of the convening, the earliest Adore extraordinary general meeting is expected to be held on the 27th.
As of now, before the board meeting is held, the exact date and location of the extraordinary shareholders' meeting are unknown, but considering the schedule that Adore revealed to the court, it is expected to be between the 27th and 30th.
Hive has been demanding the convening of an extraordinary general meeting of shareholders to replace Adore executives, including CEO Min.
If Adore's board of directors refuses to convene an extraordinary general meeting of shareholders, the court is expected to grant permission to convene an extraordinary general meeting on the 13th.
Reporter Junho Yoon, Ten Asia delo410@tenasia.co.kr
