HYBE Min Hee-jin’s Deception: The Truth Behind Her Investor Claims

On May 16th, HYBE released an official press release stating that the discussions with an investment industry professional could not have taken place without the materials disclosed by CEO Min Hee-jin. This indicates that the management rights takeover was not just casual talk.

During the press conference on April 25th, CEO Min from HYBE made a false claim, stating, “Bring forward any investor with whom I supposedly conspired,”in an attempt to deny any previous interactions with investors. However, as evidence and facts continue to come to light, her deceitful statements are being exposed one by one. We anticipate that the investigative agencies and courts will thoroughly examine the situation and reach a clear conclusion.

On May 14th, HYBE had previously filed a complaint with the Financial Supervisory Service, alleging that CEO Min Hee-jin, along with other executives from ADOR, had participated in stock trading based on undisclosed information. The petition had also identified Analyst A as a party involved.

In response to this matter, Sejong Law Firm, representing ADOR, issued a statement on May 16th stating that A was aware of the requirement for the major shareholder’s consent for any capital increase or sale, and therefore did not provide any opinions on the takeover of management rights.

Additionally, they revealed evidence indicating that Analyst A’s review of shareholder agreements was initiated at the suggestion of CEO Park Ji-won, emphasizing the content of their discussions.

HYBE emphasized that CEO Min Hee-jin had sought the opinion of an investment industry professional with the intention of “seizing management rights”. They reiterated that these discussions could not have taken place if the management rights takeover was just casual talk.

The source of this information is from naver.