HYBE “Min Hee-jin deceives the entire nation as if she’s never met any investor”
HYBE promptly countered ADOR CEO Min Hee-jin's claim that "Analyst A did not provide any opinions regarding the takeover of management rights"
On May 16th, HYBE issued an official press release stating, “Like the materials CEO Min Hee-jin herself disclosed today, such specific discussions with an investment industry professional could not have occurred if the management rights takeover was merely casual talk.”
HYBE added, “In the press conference on April 25th, CEO Min falsely claimed ‘Bring forward any investor with whom I supposedly conspired’, pretending she had never met any investor. However, one by one, her lies are being exposed by evidence and facts. We expect everything to be clearly determined by investigative agencies and the courts.”
Previously, on May 14th, HYBE submitted a petition to the Financial Supervisory Service, accusing CEO Min Hee-jin and other ADOR executives of engaging in stock trading using undisclosed information. Analyst A was also named in the petition.
Regarding this, ADOR’s legal representative, Sejong Law Firm, stated on May 16th, “Since A was aware that capital increase or sale was impossible without the major shareholder’s consent, A did not provide any opinions related to the takeover of management rights.“
Furthermore, they disclosed materials showing that the review of shareholder agreements by Analyst A was conducted at the recommendation of CEO Park Ji-won, highlighting the nature of their conversations.
HYBE reiterated “Such specific discussions with an investment industry professional could not have occurred if the management rights takeover was merely casual talk“, emphasizing that CEO Min Hee-jin had sought the analyst’s opinion with the intention of “seizing management rights”.
Source: naver
