Hanwha Systems Acquires $33.2 Billion Worth of Shares in U.S. Satellite Communication Antenna Company
[Asia Economy Reporter Seungjin Lee] Hanwha Systems announced on the 23rd that it will acquire 43,000,4587 shares of KYMETA, a US-based maritime, land, and defense/public satellite communication antenna company, for approximately 33.2 billion KRW.
After acquiring the shares, the stake will be 9.1%.
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Hanwha Systems stated that the purpose of this stock acquisition is to "strengthen competitiveness in the low Earth orbit satellite antenna market."
This content was produced with the assistance of AI translation services.
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