South Korea's financial watchdog has instructed Hanwha Solutions Corp. to resubmit its 2.4 trillion won share issue plan, citing insufficient information in the initial filing.

Hanwha Solutions has established a new Wire & Cable Division to boost its growth in high-value materials for power infrastructure, following a recent restructuring of its Chemical Division.

Hanwha Solutions has reduced its planned rights offering from 2.4 trillion won to 1.8 trillion won ($1.6 billion to $1.2 billion). This decision follows scrutiny from South Korea’s financial regulator and shareholder backlash.

Hanwha Corp. announced its participation in a rights offering by affiliate Hanwha Solutions, valued at approximately 2.4 trillion won ($1.63 billion), to bolster its financial position and growth capacity.

Hanwha Solutions' plan for a 2.4 trillion won ($1.62 billion) rights offering has been ordered for revision by South Korea's Financial Supervisory Service (FSS) due to insufficient disclosures.

South Korea's Hanwha Corp. is reportedly weighing the sale of its stake in Korea Zinc to provide a large-scale capital injection into its affiliate, Hanwha Solutions, through a rights offering.