Mobile Appliance embroiled in management dispute just three months after change of largest shareholder.

▤ Summary

Mobile Appliance faces a management dispute only three months after its largest shareholder changed. The new controlling shareholder, Daegwang, saw its stake drop sharply after margin loan liquidation, which weakened its control position. The company also reported weaker first-quarter results and replaced its executive representative on May 21. A shareholder has now filed for an injunction to suspend director duties and challenge recent shareholder meeting resolutions, escalating the governance conflict.

▦ Linked Companies