Hanwha Solutions Records 469.16 to 1 Ratio in Public Offering

[Asia Economy Reporter Hwang Yoon-joo] Hanwha Solutions announced on the 4th that it recorded a subscription competition rate of 469.16 to 1 in the general public offering of its paid-in capital increase.

This subscription was made for fractional shares less than one share remaining from the subscription for the employee stock ownership association and existing shareholders.

It accounts for 0.16% (50,640 shares) of the total issued shares (31,414,000 shares), amounting to approximately 2.1 billion KRW (42,850 KRW per share), with a total subscription amount of about 1 trillion KRW. The new listing date is the 18th of this month.

Hanwha Solutions secured a total of about 1.35 trillion KRW through the employee stock ownership association and existing shareholder subscription, which recorded an oversubscription rate of 106.97%, followed by this general public offering.