Monday, April 24, 2017

Lotte 家 brother I sindongju again reigns challenge



[Korea gimeunji financial newspaper reporter] Lotte Group chairman Shin Dongbin went to the other foot the enclosed gap type sindongju former Japanese Lotte Holdings Vice such a trial plan a counterattack.

Seen through the former vice president in the last 21 days the Japanese Nihon Keizai newspaper interview said, "I will propose my agenda moved back in late June shareholders' meeting scheduled for Japanese Lotte Holdings." Shin Shin is a former vice president of Park Geun-hye, choesunsil gate-related detention and prosecution related to "difficult to know the current situation and placed Lotte situation is significantly different from last year," added height.

Add a new chairman was indicted for allegedly offering a bribe in the last 17 days of former President Park Geun-hye dwaeteumyeo indicted without detention in October last year to embezzlement, breach of trust charges.

New is also the former vice-president indicted without detention on charges of embezzling state to receive a free benefit while only raised the Lotte major subsidiaries Name Registered office. But before new vice president. "The weight of the (new President and) convicted different content" is the position.

Former Vice Chairman Shin Shin sides are reported to be difficult to appeal for support directly to the shareholders as long as you need to spend more than half a week, the feet tied to the country in several cases in the trial court preparation and attendance.

Shin Shin is a former Vice President highlighted the fact that the detention of the accused, including the recent parliamentary choesunsil nongdan bribery investigation results to the fact that the prosecution alleged detention prior embezzlement and breach of trust in management corruption investigations and is expected to gain pyosim.

When put in the end of June, Lotte Holdings shareholders' meeting before a new Vice agenda for his return, which since the beginning of the 2015 takeover disputes this table showdown with fourth sibling.

In January 2005 former Vice Chairman Shin is a one-day dwaetgo released from the holding company, the Japanese Lotte Holdings Vice-digit Lotte followed the same year preceded the general meeting on July Shin Kyuk-ho did not succeed trying to dismiss the new president of the Directors Holdings bar.

God has defeated former Vice President Shin Dongbin in several shareholder meeting table showdown so far. Shin former vice president had lost both new president in a vote held June, 03 August, 2015, 2016, 2016.

Shin former vice president is currently the largest shareholder (28.1%) of the Japanese Lotte Holdings, in gwangyun's majority shareholder (50% plus one share), but the employees holding except for light Yunsi times (27.8%), affiliated (20.1%), executives holding times (6 percent) are sending their support for the new president.

Employees holding the casting vote of the shareholders' meeting once the role of the table showdown has a structure in which the voting rights entrusted to the landlord once represented. New vice president is a former employee holding a position once the representative (Chairman) Chairman Shin Dongbin dwaetdaneun replaced by deflecting figures.

Shin former vice president said that "it is not the will of the membership properly reflected Because came to delegate their voting rights to Lotte Holdings management-side attorney employees holding times President" last year, said said, "This decision structure judicial review also will be about whether reasonable," threatened the bar is released.

The business community is less likely to catch the former vice president Shin Gi to internal and external negative factors are the dominant opinion. God is also a former Vice-President observed that the results of the June general shareholders' meeting by the management of the detention accused of corruption before the state does not favor new vice president.

But corruption trial management, conflict management control choesunsil determined during the detention of the relevant new president and parliamentary nongdan related bribery suspicions are expected sensibly complex composition.

When the officers be charged with the management practices of corruption Japan should immediately rush to the dismissal procedures. In this case, the Japanese Lotte Holdings can not exclude the possibility to withdraw the new president of the Holding's representatives held a Board of Directors and the shareholders' meeting.

Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com