[Special Stock] Hanwha Industrial Solutions, Undergoing 'Spin-off', Surges on First Day of Listing

Hanwha Industrial Solutions, which was spun off from Hanwha Aerospace, is experiencing a sharp rise on its first day of listing.

As of 9:35 a.m. on the 27th, Hanwha Industrial Solutions is trading at 48,900 KRW, up 6,200 KRW (14.52%) from the reference price of 42,700 KRW.

Earlier, Hanwha Aerospace announced in May its plan to spin off Hanwha Vision and Hanwha Precision Machinery. Accordingly, the newly established company Hanwha Industrial Solutions was created. Hanwha Industrial Solutions is a holding company established by spinning off the security, chip mounter, and semiconductor equipment divisions from Hanwha Aerospace. It will have Hanwha Vision (CCTV, etc.) and Hanwha Precision Machinery (semiconductor manufacturing equipment) as 100% subsidiaries. Hanwha Industrial Solutions plans to merge with Hanwha Vision on January 1 next year to become a business holding company.