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Hanwha Solutions. (Photo courtesy of Hanwha Solutions) |
[Alpha Biz= Paul Lee] Hanwha Solutions has reportedly placed its Chief Financial Officer, Jung Won-young, on administrative leave following controversy over remarks related to its planned rights offering.
According to industry sources on April 6, Jung, an executive vice president, sparked controversy during a shareholder meeting on April 3 by stating that the company had communicated with the Financial Supervisory Service (FSS) regarding its capital increase plans prior to filing a securities registration statement.
The comments led to speculation that Hanwha Solutions had engaged in prior coordination with regulators over the rights offering, raising concerns about regulatory fairness.
In response, Hanwha Solutions appears to have placed the CFO on leave as part of efforts to contain the situation.
On April 4, the company issued an official apology, stating that remarks made during the shareholder meeting regarding the FSS were inaccurate. “We would like to correct the statements made during the briefing and sincerely apologize to our shareholders,” the company said.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
