Led by Min Hee-jin, ADOR refuted HYBE’s claim that analyst A arranged a meeting between ADOR executives and foreign investors
On May 16th, ADOR released a long statement expressing their position. They said, “HYBE should stop raising suspicions about people around CEO Min Hee-jin and writing novels based on their own imagination”.
ADOR continued, “We would like to clarify the facts regarding HYBE’s claim that ‘analyst A arranged a meeting between ADOR’s executives and foreign investors’”, adding “No advice or opinions related to taking over the management rights, such as capital increases or sales, were provided. HYBE owns 80% of the stake in ADOR, and it is obvious that there were no alternative investment methods for ADOR. Therefore, it is impossible for ADOR to discuss such a topic”.
In addition, ADOR also disclosed the content of the message conversation between CEO Min Hee-jin and analyst A, proving that the female CEO consulted A regarding the shareholder agreement at the recommendation of HYBE’s CEO Park Ji-won.
Lastly, ADOR questioned HYBE’s intention in their continuous attacks, saying “To be honest, just say you don’t like Min Hee-jin”.
They emphasized, “Looking at the current situation, it certainly seems that HYBE’s No.1 goal is to dismiss CEO Min Hee-jin, destroy her credibility, and exclude her from society. First of all, they attacked CEO Min, and now they are even targeting people around her”.
Source; daum
