DAEHO AL Shareholder Group Pushes for Removal of All Directors and Election of New Board Amid Delisting Risk Due to Audit Opinion Refusal and Embezzlement Allegations
DAEHO AL faces delisting risk due to auditor's opinion refusal and embezzlement/breach of trust allegations against current management.
Shareholder group leader Lee Sang-in is demanding removal of 7 directors and 2 auditors at the extraordinary general meeting on June 11, 2026, and proposes election of 10 new directors and 1 auditor.
Proposed amendments to articles of incorporation include reducing board size to 4, strengthening independent director independence, and increasing director liability.
The goal is management normalization and trading resumption to enhance shareholder value, but no capital changes or dividends are planned in the short term.
[AI Summary]Amid the delisting risk from audit refusal and embezzlement suspicions, the shareholder group's attempt to replace management is a necessary step to protect shareholder value. However, the new directors' track record is unproven, and no specific capital raising plans exist, limiting short-term stock price impact.