Hanwha to buy $900 mn Hanwha General shares from Samsung kedglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kedglobal.com Daily Mail and Mail on Sunday newspapers.
Hanwha Systems to launch $1.1 bn rights issue in June
Two other Hanwha units as top shareholders to apply for extra issues
Jin-seong Kim 2 HOURS AGO
Hanwha Systems Butterfly, a personal air vehicle under development with Overair, a US air taxi startup
Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea s Hanwha Group, is set to launch a rights offering next month to raise around 1.2 trillion won ($1.1 billion) as the company is looking for new M&A targets and boosting R&D spending.
On May 31, the Hanwha Group unit will price its new 78.7 million shares that amount to 71.3% of its current outstanding shares. The estimated issuance price of 15,800 won apiece is 13% below the current market price.
Hanwha General Chemical, Hyundai Heavy Industries, Lotte Rental all eye August for IPOs
Posted : 2021-05-14 16:36
By Anna J. Park
This summer will be replete with major companies initial public offering (IPO) events, as Hanwha General Chemical, Hyundai Heavy Industries and Lotte Rental all plan to go public around August this year.
According to the investment banking industry, Hanwha General Chemical is slated to file for a preliminary review for its IPO at the bourse operator Korea Exchange (KRX) later this month. Hanwha General Chemical is aiming to use a fast-track course, as it eyes to go public at the nation s benchmark KOSPI market in the summer.