On the morning of the 20th, Kolmar BNH's stock price is rising by more than 10%. A management dispute continues between siblings Yoon Sang-hyun, vice chairman of Kolmar Holdings, and Yoon Yeo-won, CEO of Kolmar BNH, and as the extraordinary shareholders' meeting scheduled for September approaches, a family-driven equity competition is intensifying.
As of 10:07 a.m. that day, Kolmar BNH was traded at 15,460 won, up 1,840 won (13.51%) from the previous trading day on the KOSDAQ market.
The previous day, Vice Chairman Yoon and CEO Yoon's mother, Kim Sung-ae, announced that they purchased 13,749 shares of Kolmar BNH over two days on the 11th and 12th. The purchase amount is approximately 196 million won. CEO Yoon's husband, Lee Hyun-soo, also bought 3,000 shares during the same period, amounting to about 43 million won.
This equity purchase is interpreted as a family-level strategy to empower CEO Yoon ahead of the extraordinary shareholders' meeting scheduled for September.
Earlier, Kolmar Holdings disclosed in May that Kolmar BNH was involved in a management dispute, bringing sibling conflicts to light. Vice Chairman Yoon demanded that Kolmar BNH appoint him and Lee Seung-hwa, former vice president of CJ CheilJedang, as inside directors.
After Chairman Yoon Dong-han stepped down from management in 2019, Kolmar Holdings, the holding company, has been led by his eldest son, Vice Chairman Yoon, who dominates the entire group, while his sister, CEO Yoon Yeo-won, heads the subsidiary Kolmar BNH.