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Hanwha Systems to launch $1.1 bn rights issue in June

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. ....

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With chairman's return, Hanwha explores 'next engines'

With chairman's return, Hanwha explores 'next engines'
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.

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Kim Dong-kwan tasked to lead Hanwha's future growth businesses

Posted : 2021-03-01 15:46
By Kim Hyun-bin
Hanwha Group Chairman Kim Seung-youn s eldest son Hanwha Solutions President Kim Dong-kwan, 38, is being appointed to managing positions in key affiliates.
Apart from heading Hanwha Solutions, the younger Kim was made executive director of Hanwha Aerospace last month to push the group s future mobility and aerospace divisions forward
Kim has made a name for himself through his leadership capabilities, establishing Hanwha Solutions as one of the main pillars of the conglomerate, and many industry insiders believe Hanwha Aerospace will likely see rapid growth with him in charge.
The move comes as his father, Chairman Kim Seung-youn, is returning to management after a seven-year absence. ....

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