Doosan Heavy Industries & Construction, 1.5 Trillion KRW Paid-in Capital Increase... "Investment in New Growth Businesses" (Comprehensive)

[Asia Economy Reporter Jeong Hyunjin] Doosan Heavy Industries & Construction announced on the 26th that it has decided to conduct a paid-in capital increase worth 1.5 trillion KRW.

Doosan Heavy Industries & Construction held a board meeting on the same day and disclosed this decision. The planned issue price of the new shares is 18,100 KRW, and 82,872,900 new shares will be issued. For every one existing share, 0.127 new shares will be issued. This paid-in capital increase will proceed through a rights offering followed by a public subscription, and if any unsubscribed shares occur, the underwriting securities company will fully subscribe to them.

Doosan Heavy Industries & Construction explained that the funds secured through the paid-in capital increase will be actively invested in new growth businesses. This decision was made considering that the global energy paradigm is rapidly shifting towards eco-friendly power generation technologies and that global competitors are also expanding investments to secure market share.

Doosan Heavy Industries & Construction stated, "We plan to timely invest in our eco-friendly business portfolio, including hydrogen turbines, offshore wind power, and small modular reactors (SMR), to secure market leadership," adding, "We aim to expand orders in line with market growth and prepare a new leap forward."

To this end, Doosan Heavy Industries & Construction has established diversified investment plans in eco-friendly energy sectors such as about 300 billion KRW in hydrogen turbines and about 200 billion KRW in offshore wind power by 2026, as well as SMR, clean hydrogen production and supply, fuel cells, hydropower, and solar power. Alongside this, it plans to accelerate the commercialization of new businesses such as 3D printing, digital technologies, and resource recycling.

Doosan Heavy Industries & Construction emphasized, "Through this paid-in capital increase, we will secure investment funds for future businesses that will drive our leap to becoming a global eco-friendly energy company, improve our financial structure, and establish a foundation for sustainable growth."