Friday, March 17, 2017

KB Insurance, minority shareholders and conflicts intensifying views



[Korea gimmingyeong financial newspaper reporter] KB life insurance is expected to be a conflict of minority shareholders deepened as the decision to re-elect simjaeho bakjinhyeon outside directors.

KB Insurance held a general meeting of shareholders has 17 days to elect a new gimchanggi the re-election of outside directors wrestled bakjinhyeon, credit, simjaeho the outside directors.

KB Insurance minority shareholder meeting patron was resisting fiercely. 9.32 million shares, or 9.37 million shares of the shareholders, which is equivalent to about 17% of the approximately 54.89 million shares can attend the Shareholders expressed their opposition day in the shareholders' meeting. Only geosugi role and wrestle with them reelected undermine the corporate value or the shareholders responsible for the infringement of the rights why not right.

Also worth defending minority shareholders meetings are held ttajyeotda the problems of the day, the shareholders attending the general meeting of shareholder of KB Financial Group gave a dramatic increase in the sale of treasury shares and third party assignment of rights issue intensively.

Side of minority shareholders' yirwojin the end of last year, third party allocation is a rights offering seemingly dwaetjiman packaging salvage intended to improve the solvency ratio (RBC) In fact, the measures intended to increase the stake of the largest shareholder on the Cheap "another for" capital raising said It gave preferential treatment to insurers to issue new shares in one months minimum closing price recently selected without considering the alternatives, such as the issuance of subordinated bonds issued or hybrid securities against major shareholder of KB financial jijueul the procedure for the wholly owned subsidiary anger of KB financial Group " He was criticized.

Minority shareholders prior to the shareholders' meeting, but according to the conventional method requires reading the minutes of the Board of Directors and stencil The company refused it because they are trade secrets included. As a result, minority shareholders side plans to file a lawsuit to obtain the permission of the court proceedings of the Board of Directors for perusal and duplicator.



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