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[Alpha Biz=(Chicago) Reporter Kim Jisun] Ewha Group's shareholder solidarity said on the 12th that it has filed a complaint with the prosecution against Meritz Securities Co. and the Korea Exchange.
Ewha Group's shareholder solidarity is a non-profit organization that holds shares in Ehwa Technologies Information, EID, and ETRON and has more than 1,400 shareholders. It represents shareholder rights and introduces that it seeks to normalize Ewha Group's management.
First of all, Ewha Electro-Mechanics' shareholder solidarity believes Meritz Securities used internal information to trade shares in Ewha Electro-Mechanics, EID and Etron. Meritz Securities sold all of its holdings just before Ehwa Technologies Information was suspended from trading, raising the possibility that internal information may have been leaked over the timing of the sale. Meritz Securities Co. drew the line that the allegations raised by the shareholders' solidarity were not true.
Earlier on May 10, Ehwa Technologies Information shares were suspended from trading after former and incumbent management made an inquiry into alleged embezzlement and breach of trust. At that time, the Korea Exchange lifted the transaction suspension according to the data answered by Ewha Electro-Mechanics. However, the transaction was suspended again around 2 p.m. on the 12th because it was different from the prosecution's indictment.
It is also holding the Korea Exchange responsible for reversing the suspension of trading. For individual investors, they accept the resumption of trading as a solution to related negative factors, which they claim has caused secondary damage as the Korea Exchange lifted the deal without confirmation.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
