Hanwha Q CELLS, a Subsidiary of Hanwha Solutions, Decides on Capital Reduction

[Asia Economy Reporter Kim Daehyun] Hanwha Solutions announced on the 2nd that its subsidiary Hanwha Q CELLS Hong Kong Corporation has decided to reduce its capital by 458,484,733 common shares.

The par value per share is 403 KRW. After the capital reduction, the capital stock will decrease by 184,652,640,000 KRW from 877,968,435,319 KRW before the reduction to 693,315,795,319 KRW.

The purpose of the capital reduction is partial repayment of shareholder contributions and enhancement of shareholder value.