SEOUL, South Korea, March 16 /PRNewswire/ -- Former President and CEO Moon-Seok Kang issued the following letter in connection with the upcoming contested meeting of shareholders of DongA Pharmaceutical Co., Ltd (000640 KS):
Dear Fellow DongA Shareholder:
The DongA General Shareholder Meeting is rapidly approaching on March 29, 2007.
I have been affiliated with the Company for nearly twenty years and I have joined with other shareholders who own more than 5% of the Company to request this shareholder meeting. We have nominated a superior slate for election as members of the DAP Board of Directors.
The Company may not have yet made you aware of this situation. You may not have even received solicitation material from the Company. In fact, we had to go to court to get our agenda put forth to you at all. The current Board of Directors’ illegal attempts to disenfranchise shareholders by omitting our properly submitted proposals were overturned by court rulings requiring inclusion of our proposals on the agenda for the upcoming meeting.
In order to support our candidates, non-Korean investors may have to submit voting instructions as early as Monday, March 19th. To determine your actual voting deadline, you should check with your individual bank or broker.
Please submit your voting instructions today. If you need assistance voting your shares please contact Georgeson, the firm that we have engaged to help us with this important solicitation.
Holders can reach Georgeson at the following telephone numbers: North America + 1 212 440 9800 Europe + 44 (0) 870 703 0305 Sincerely, Moon-Seok Kang
Georgeson Inc. on behalf of Moon-Seok Kang
CONTACT: New York, Bruce Goldfarb or Patrick McHugh, +1-212-440-9800, orLondon, Mark Harwood, +44 (0) 870 703 0305, all of Georgeson Inc., forMoon-Seok Kang
