Hanwha Systems Acquires 20.26 Billion KRW Worth of Shares in Australian Subsidiary

Hanwha Systems announced on the 17th that it will acquire 220.2 million shares of HAA No.1 PTY LTD, an investment subsidiary based in Australia, for 202.667676 billion KRW. After the acquisition, the shareholding ratio will be 60%. The scheduled acquisition date is the same day as the announcement. The company stated that the purpose of the acquisition is "to enter the Australian and other global markets through the issuing company and to expand synergy businesses with our marine systems technology."