The long-awaited shareholders' meeting of South Korea's Hanmi Science, which is embroiled in a leadership dispute involving founder family members, has ended with a victory for two brothers, putting a major brake on the pharma group’s planned merger with the compatriot diversified chemical and energy company OCI Group.
Hanmi-OCI Merger Hits Wall As Brothers Win Shareholder Vote, Board Seats
The planned merger of Korea's Hanmi Pharm Group with OCI Group hits a major speed bump as the two sons of Hanmi's founder and other candidates recommended by them secture board seats. But it remains to be seen how the Lim brothers will fulfil their ambitious promises.
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