Hanwha Energy Decides to Purchase Additional 180 Billion Won Worth of Shares in Hanwha Group Holding Company

 

 

 

Hanwha Energy has decided to purchase an additional 180 billion won worth of common shares in Hanwha Group's holding company, Hanwha Corporation.

This decision is expected to further accelerate the management succession process centered on Kim Dong-kwan, the eldest son of Hanwha Group Chairman Kim Seung-yeon.

Hanwha Energy announced on the 4th that it plans to acquire 6 million shares (8.0% stake) of Hanwha Corporation's common stock through a tender offer.

The purchase price per share is set at 30,000 won, which is 12.9% higher than the average price over the past month and 7.7% higher than the previous day's closing price.

Through this acquisition, Hanwha Energy's stake in Hanwha Corporation will increase from the current 9.7% to 17.7%.

Hanwha Energy stated, "We made this decision to practice responsible management as a major shareholder and to enhance shareholder value," adding, "We expect to strengthen the stability and transparency of our governance structure."

Hanwha Energy was created in 2021 by absorbing and merging with H-Solution, a holding company formed in 2017 by the physical division of Hanwha S&C.

Currently, Hanwha Energy is 100% owned by Chairman Kim Seung-yeon's three sons.

Meanwhile, Hanwha Corporation has decided through its board of directors to acquire its own shares from holders of old preferred shares through an over-the-counter purchase from August 16 to September 5.

The purchase price has been set at 40,500 won per share.

Hanwha Corporation stated, "By buying back and delisting the old preferred shares, we can preemptively prevent potential risks and increase dividend capacity, which is expected to have a positive effect on corporate and shareholder value," adding, "Once the over-the-counter purchase is completed, the relevant preferred shares will be canceled and delisted."



출처 : 산경투데이(https://www.sankyungtoday.com)

 

https://www.sankyungtoday.com/news/articleView.html?idxno=46805

Hanwha Energy Decides to Purchase Additional 180 Billion Won Worth of Shares in Hanwha Group Holding Company