Three shareholders file injunction to block EGM, threatening capital reduction and board restructuring plans
Three shareholders (including Han○○) filed a temporary injunction with the Cheongju District Court, Chungju Branch, to prohibit the extraordinary general meeting (EGM) scheduled for June 5, 2026
The applicants also seek a preliminary injunction against all major agenda items: amendment of articles, capital reduction to cover deficits, approval of remuneration limits, election of directors and auditors
The company plans to respond through legal procedures, but the legal dispute risks delaying the EGM and critical management decisions
The lawsuit is part of a governance conflict; disruption to capital reduction and other financial restructuring may negatively impact enterprise value
[AI Summary]This injunction request by shareholders aims to block the EGM and key resolutions, increasing legal risk and management uncertainty, likely weighing on short-term stock price
KOSDAQ Filing Information
Filing: Filing of Lawsuit, etc. (Management Dispute Lawsuit) (Provisional Injunction to Prohibit Holding of Extraordinary General Meeting)
Company: Korea Cable T.V Chung-Buk System (066790)
Submission: Korea Cable T.V Chung-Buk System Co., Ltd.