[Asia Economy Reporter Oh Ju-yeon] Hanwha Impact, a major affiliate of Hanwha Group, announced on the 16th that it has signed a memorandum of understanding (MOU) to acquire a 33% stake in HSD Engine, worth 226.9 billion KRW.
The acquisition involves purchasing 19% of shares from existing shareholders and additionally acquiring 14% through participation in a third-party allotment capital increase.
The company explained the purpose of the acquisition as "securing future new growth engines and creating strategic business synergies."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
