Namyang Dairy Products’ largest shareholder Hong Won-sik and his family members have drawn criticism for abruptly trying to delay the sale of their shares to Hahn & Company, hinting at potential regret about a previous decision regarding the deal. The dairy producer announced Friday that it had decided to postpone an extraordinary shareholders meeting to Sept. 14. The meeting was initially supposed to be held Friday for Hahn & Company executives to join Namyang’s board of directors and for the private equity firm (PEF) to pay 310 billion won ($270 million) to acquire a 53 percent stake in the firm from its owner family. The surprising announcement prompted Namyang’s stock price to fall 7.66 percent that day from the previous session’s close.



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