Enplus Faces Full-Scale Management Control Dispute as Minority Shareholders Seek to Remove All Directors and Appoint New Board

A management control dispute has surfaced as nine minority shareholders filed a petition with the Suwon District Court to convene an extraordinary general meeting.
The petitioners demand the removal of six current directors including insider director Lee Tak-gyu and the appointment of new directors led by Park Dae-soo as interim chairman, citing loss of confidence in the current management.
The company plans to respond through legal procedures, but the potential overhaul of the board could heighten short-term management uncertainty and negatively affect the stock price.
[AI Summary]The minority shareholder-led EGM petition signals an escalation of the control dispute, inevitably impacting the market cap of approximately 448.1 billion KRW based on the current share price of 5,110 KRW. While governance instability may weaken investor sentiment, the absence of financial changes limits damage to intrinsic value.