Hanwha Solutions Revives KRW 1.8 Trillion Rights Issue, Keeping Scale

Hanwha Solutions is resuming its plan for a rights issue worth about KRW 1.8 trillion, which had been temporarily delayed after two interventions by the Financial Supervisory Service. Although some had expected the company to reduce the size of the offering, Hanwha Solutions is maintaining the original scale. The move is tied to investment in future growth technologies and financial needs. After the regulator’s requests for revisions, the company said it would prepare the filing faithfully. The renewed push is expected to clarify whether the large fundraising plan will continue and how the company intends to secure investment resources. Source: mk.co.kr