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Hostile takeover dispute haunts Ildong

Published: 2009-06-30 06:56:00
Updated: 2009-06-30 06:56:00
Ildong Pharm has seen a dispute over management control between Lee Kum-ki, the incumbent chairman and largest shareholders.

Ahn Hee-tae, the second-largest shareholder and a foreign investment have led a fight to take over control of the company.

They called on the company to appoint two new executives posts and one auditor. Ildong will hold an extraordinary shareholders meeting at the e...

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