On April 18, Hanwha Aerospace announced that it has decided to raise approximately 1.3 trillion won through a third-party allotment capital increase to secure funds for acquiring securities of other companies and other purposes.
A total of 1,715,040 new common shares will be issued at 758,000 won per share. The third-party allottees include Hanwha Impact Partners Inc. (an affiliate of the largest shareholder, 1,171,584 shares) and Hanwha Energy Corporation Singapore Pte. Ltd. (an affiliate of the largest shareholder, 380,419 shares), among others.
The company stated that the purpose of the third-party allotment capital increase is "to raise investment funds in response to changes in the business environment and to improve the debt ratio."
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