Hanwha Solutions Acquires Additional 473 Billion KRW Shares of Affiliate Hanwha General Chemical
[Asia Economy Reporter Kim Heung-soon] Hanwha Solutions announced on the 23rd that it will additionally acquire 4,910,062 shares of Hanwha General Chemical, an affiliate responsible for the manufacturing and sales of petrochemical products and related products, for approximately 473 billion KRW. After the acquisition, Hanwha Solutions' stake in Hanwha General Chemical will be 47.6%. The scheduled acquisition date is the 30th of next month. Hanwha Solutions stated that the purpose of this stock acquisition is "to enhance future value through additional share acquisition and to terminate the shareholder agreement."
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