Kolmar Holdings disclosed on the 21st that Kolmar Group Chairman Yun Dong-han and Kolmar BNH (Kolmar BNH) CEO and President Yun Yeo-won withdrew their request for an injunction prohibiting the convocation of a Kolmar BNH extraordinary shareholders meeting and the exercise of supportive voting rights, which they had filed against Kolmar Holdings.

From the left, Yoon Dong-han, chairman of Kolmar Korea; Yoon Sang-hyun, vice chairman; Yoon Yeo-won, CEO of Kolmar BNH. /Courtesy of Kolmar Korea

Earlier, Chair Yun and CEO Yun filed the injunction request with the Seoul Central District Court in August, ahead of the Kolmar BNH extraordinary shareholders meeting held on the 26th of last month.

Then, after the Seoul Central District Court issued a decision on the 5th of last month to dismiss the injunction request, they appealed to the Seoul High Court.

Meanwhile, at the Kolmar BNH extraordinary shareholders meeting on the 26th of last month, a motion passed to appoint Yun Sang-hyun, vice chairman of Kolmar Holdings and the son of Chair Yun and elder brother of President Yun, and Lee Seung-hwa, former executive vice president of CJ CheilJedang, as inside directors.

Accordingly, Kolmar BNH appointed Vice Chairman Yun and Inside Director Lee as CEOs and shifted to a three-person, individual representative system with President Yun.

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