Hanwha Systems Decides to Acquire Additional Shares of U.S. Subsidiary for 84.6 Billion KRW

Hanwha Systems announced on the 25th that it will acquire an additional 62,000 shares of its U.S. subsidiary, HS USA HOLDINGS, for 84.6 billion KRW.

After the acquisition, the company's ownership stake will become 100%. The scheduled date for the share acquisition is July 3.

The company stated that the purpose of this share acquisition is to participate in a paid-in capital increase to secure funds for the subsidiary's acquisition of equity in another company.