Hanwha Corp. backs Hanwha Solutions in W2.4tr rights offering

Hanwha Corp. said Wednesday it will participate in a rights offering by Hanwha Solutions worth about 2.4 trillion won ($1.63 billion), backing the affiliate’s efforts to strengthen its financial position and growth capacity. Hanwha Corp., the largest shareholder of Hanwha Solutions with a 36.66 percent stake excluding treasury shares, approved the plan at a board meeting in Seoul. The company will fully subscribe to its allotted 21.1 million new shares and may apply for up to 20 percent addition

By The Korea Herald