Company Split Abandoned Confirmed - Court's Settlement Recommendation Ends Lawsuit to Nullify Shareholders' Resolution
The court issued a settlement recommendation for Hana Micron (defendant), effectively concluding the lawsuit seeking to nullify the shareholders' resolution filed by the plaintiffs (7 shareholders).
Key terms: Plaintiffs will withdraw the lawsuit and defendant agrees; defendant will not execute the company split based on the July 16, 2025 extraordinary shareholders' meeting resolution.
Under the Civil Procedure Act, if no objection is filed within two weeks of service, the decision becomes equivalent to a judicial settlement (same effect as a final judgment); any objection will be disclosed subsequently.
This resolution removes uncertainty regarding Hana Micron's management dispute and the planned company split, contributing to shareholder value stability.
KOSDAQ Filing Information
Filing: [Correction of Description] Judgment/Decision on Lawsuits, etc. (Cancellation of Shareholders' Meeting Resolution)