Hanwha Q CELLS US Corporation to Proceed with 416.8 Billion KRW Capital Increase

[Asia Economy Reporter Heo Kyung-jun] Hanwha Solutions announced on the 2nd that its subsidiary, Hanwha Q CELLS America Corporation, is planning a paid-in capital increase worth 416.8 billion KRW. It will issue 315,759 common shares at 1,321,000 KRW per share through a rights offering to existing shareholders. The purpose is to raise funds for the acquisition of securities of other companies.