He opened his Hive that lost to Min Heejin.."We're going to appeal." [Star Issue]

*This content was translated by AI.

Hive prepares an appeal.

On the afternoon of the 12th, Hive announced its official position, saying, "We are in the position of the company on the ruling to confirm the termination of the contract between shareholders today."

On this day, Hive said, "It is regrettable that our arguments have not been fully accepted," adding, "We will proceed with future legal procedures such as appeals after reviewing the judgment."

Earlier in the morning of the same day, the Civil Agreement Department 31 (Director Nam In-soo) of the Seoul Central District Court held a ruling on Hive's lawsuit against former CEO of ADOR Min Hee-jin to confirm the termination of the contract between shareholders and a lawsuit against former CEO Min Hee-jin for the exercise of put options against Hive.

The court said, "We reject Hive's claim and the costs of litigation are borne by Hive. In addition, Min Hee-jin ruled in favor of Min Hee-jin, saying, "Min Hee-jin's exercise of put options is justified and pay an amount worth 25.5 billion won."

<© STARNEWS. All rights reserved. No reproduction or redistribution allowed.>

*This content was translated by AI.