Corporate Briefing Session for Eight Affiliates in Yeouido on the 28th Afternoon
For Institutional Investors... Drawing Attention After Large-Scale Paid-In Capital Increase
Hanwha Group's eight affiliates will hold a corporate briefing session for institutional investors. While individual companies have intermittently conducted briefings until now, this is the first time that various business sectors including defense, shipbuilding, and finance have come together at once.
According to the financial investment industry on the 28th, Hanwha Investment & Securities will hold the "Hanwha Group Corporate Day" at a hotel in Yeouido, Seoul, in the afternoon. The briefing session is for institutional investors, and eight companies including Hanwha Aerospace, Hanwha Ocean, Hanwha Systems, Hanwha Solutions, Hanwha Vision, Hanwha Life Insurance, Hanwha General Insurance, and Hanwha will participate.
A representative from Hanwha Investment & Securities, which is organizing the event, said, "The event was prepared as market interest in the group affiliates has recently increased," and explained that whether related events will be held regularly in the future or if this is a one-time event is "still undecided."
At this briefing session, attention is expected to focus on some companies such as Hanwha Aero, which recently decided on a paid-in capital increase of 3.6 trillion KRW, the largest ever, and Hanwha, which plans to acquire 1,620,298 newly issued shares allocated by Hanwha Aero (33.95% stake, 980.3 billion KRW). Prior to the capital increase decision, Hanwha Aero acquired a 7.3% stake in Hanwha Ocean from Hanwha Energy and Hanwha Impact for 1.3 trillion KRW. This corresponds to two-thirds of the remaining 11.6% stake within the group, in addition to the previously held 34.7% stake. Accordingly, Hanwha Aero's stake in Hanwha Ocean increased from 23.1% to 30.4% on a separate basis and from 34.7% to 42.0% on a consolidated basis. Externally, this was explained as a move to strengthen the defense group synergy covering space, land, and sea through the consolidation of Hanwha Ocean, but depending on interpretation, it was also evaluated as a transaction to ease the major shareholder's burden of participating in the capital increase.
An industry official said, "Recently, large-scale capital increases and share acquisitions have attracted considerable attention in the capital market, intertwined with the succession structure," and added, "This will be an opportunity for each company to explain specific current status and significance."
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