HYBE has shared an interim report about the audit of ADOR. Previously on April 22, HYBE initiated an audit of the ADOR management after reportedly detecting attempts by ADOR to become independent. Following this, ADOR responded with a statement containing accusations of NewJeans' concept being copied.
Previously on April 22, HYBE initiated an audit of the ADOR management after reportedly detecting attempts by ADOR to become independent. Following this, ADOR responded with aOn April 25, HYBE announced that a formal accusation will be filed against ADOR CEO Min Hee Jin and related individuals for occupational breach of trust.According to the audit results, HYBE confirmed and secured concrete evidence that a plan to usurp management control was established under the direction of ADOR’s CEO.
According to face-to-face investigations and the conversation record from the submitted digital evidence, the CEO of ADOR instructed the management team to devise ways to pressure HYBE to sell the ADOR shares it holds.
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