Hanwha Q CELLS, 293.2 Billion KRW Rights Offering
[Asia Economy Reporter Junho Hwang] Hanwha Solutions announced on the 2nd that its subsidiary Hanwha Q CELLS has decided to proceed with a paid-in capital increase of KRW 90,680,070,000 for facility funds and KRW 192,695,050,000 for debt repayment funds.
The method of capital increase is a rights offering to shareholders, with newly issued shares totaling 1,689,190 common shares. The par value per share is KRW 11.34. The payment date is set for the 20th, and the number of new shares allocated per existing share is 0.14 shares.
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The company stated, "The funds will be used for Hanwha Q CELLS' debt repayment and financial structure improvement, as well as for facility investment in Hanwha Q CELLS Malaysia."
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