Kolmar Holdings is showing a bullish trend on the 23rd as the ownership dispute among the founding family intensifies.
As of 9:09 a.m. on this day, Kolmar Holdings is trading at 15,520 won, up 610 won (4.09%) from the previous trading day.
Kolmar Holdings is experiencing a management dispute among Vice Chairman Yoon Sang-hyun, Chairman Yoon Dong-han, and Kolmar BNH CEO Yoon Yeo-won. This management dispute began when Vice Chairman Yoon Sang-hyun claimed that the poor performance and stock price decline of Kolmar BNH were the responsibility of CEO Yoon Yeo-won and announced plans to hold an extraordinary general meeting to address the issue of appointing himself as an inside director. In response, Chairman Yoon Dong-han, the father of the sisters, filed a lawsuit against Vice Chairman Yoon Sang-hyun for failing to adhere to the agreement that he would return the gifted equity under the condition of securing the sisters' management rights.
Kolmar Holdings indicated signs of a prolonged dispute among the founding family as it announced a lawsuit regarding the management dispute on the 22nd. Chairman Yoon Dong-han applied for the appointment of an inspector, claiming that there were issues with the procedures for the extraordinary general meeting that Vice Chairman Yoon Sang-hyun requested to convene following the lawsuit to cancel the stock gift. Industry experts predict that this action could serve as a precursor to possible future director dismissals or shareholder representative lawsuits.