Hanwha Solutions W2.4tr rights issue faces FSS scrutiny

The Financial Supervisory Service has ordered Hanwha Solutions to revise its plan for a 2.4 trillion won ($1.62 billion) rights offering, citing insufficient disclosures in its filing. The regulator said “certain material information” was either missing or unclear, hindering potential buyers' ability to make investment decisions. The company has up to three months to submit a revised statement. Hanwha Solutions announced on March 26 that it would issue 72 million new shares to raise 2.4 trillion

By The Korea Herald