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Koo Ji-eun, Vice Chairman of Ourhome |
[Alpha Biz= Reporter Kim Jisun] It has been confirmed that the stock purchase agenda has been raised at the extraordinary shareholders' meeting of the catering company Ourhome, which is scheduled to be held on the 31st.
According to the industry on the 17th, the agenda raised by Vice Chairman Koo Ji-eun is to buy 14,019,520 shares of treasury stock within a year by utilizing Our Home's dividend profit of 533.1 billion won. The prevailing view in the industry is that Vice Chairman Koo Ji-eun is trying to buy back shares to protect his managerial rights. Ourhome has a stake of more than 98% with one son and three daughters of the late chairman Koo Ja-hak. Their stakes are in the order of former Vice Chairman Koo Bon-sung (38.56%), eldest daughter Gu Mi-hyun (19.28%), second daughter Koo Myung-jin (19.6%), and youngest Vice Chairman Koo Ji-eun (20.67%). If Vice Chairman Koo Ji-eun buys Koo Mi-hyun's stake in treasury stock, it can prevent the eldest son and eldest daughter from joining hands. It is actually the last card to defend managerial control. Vice Chairman Koo Ji-eun was not appointed as an in-house director at last month's shareholders' meeting as Koo Mi-hyun suddenly sided with former Vice Chairman Koo Bon-sung. At that time, the shareholders' meeting approved the appointment of Koo Mi-hyun and her husband, Lee Young-yeol, as in-house directors. It was then reported that Koo Jae-mo, the eldest son of former Vice Chairman Koo Bon-sung, and Hwang Kwang-il, former head of China's Nanjing corporation, were appointed as in-house directors. Ourhome will hold an extraordinary shareholders' meeting on the 31st to appoint an additional in-house director. At least one in-house director and other non-executive directors will be discussed on the same day, and the results are expected to determine the future of Vice Chairman Koo Ji-eun, whose term expires in June.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
