[Korea financial newspaper stand hyomun News] Park Sam-koo, Kumho Asiana Group chairman 13 days, "I will give up the first number of rights claims for Kumho Tire City Consortium disapproval," Place the first number of rights contract interpretation of the key issues revealed night between the president and the creditors there are conflicting. Chairman Park side are waging, and argues that if the consent of the shareholders' meeting to a third party, such as consortia may assign priority to buying books, KDB side gosuhae the principles of the sale proceeds related content hagetdamyeo nalseon workshop.
Kumho Asiana ◇ "shareholders meeting requests continued ... Double Star and equity deviated "
Kumho Asiana Group (hereafter Kumho) was 13 days "for the acquisition attempt by a consortium but asked also initiated a shareholders meeting agenda to the industrial banks and creditors, and the creditors ignored it," he said "First, the purchase agreement, first buying lol first Purchase rights has asked the Council agreed the relevant information to shareholders over the first one can not be transferred to third parties, as stated, two recent occasions without the prior written approval of the shareholders' meeting, "he said.
In other words, but it stepped on the enemy side Kumho legal proceedings in accordance with the contract information is talk that creditors are ignored. Chairman Park but this fund through a consortium, the consortium acquired first, but tapping shareholders meeting in accordance with the number of the entry ticket arrangements did the creditors to accept it. The Kumho side claims that this is contrary to the position of creditors, such as in configuring a consortium of six companies and equity and promote the Double Star Kumho Tire argument.
Kumho said, "allowing it to double star that does not allow the consortium buying only first incarnation can not understand," he said, "will give the consortium does not accept the first number of books."
He added, "may be a debt is eventually accepted as an argument to join the" "arguments, which speak only to participate in a personal capacity as Chairman Park Sam-koo," said he said.
◇ creditors, adhere to existing positions
On the other hand, the creditors and adhere to the 'principles' for the Kumho claims. First, as stated in the Purchase Agreement licensee argues that it can not transfer the rights to third parties.
Industrial Bank official said, "was in 2010 that joined voluntary agreements at the time also agreement that is currently being discussed, there was no talk even when the end of last year, Kumho Tires argument is injured," said "Now come and difficult to understand what to talk consortium," he said .
He continued, "In the Kumho side Consortium Although the inquiries are aware that passed it would adhere to existing positions in the department," said "Today Double Star and shares sales agreement (SPA) signed was first copies exercising Kumho side after three business days of adding that will ask whether "
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
