[eDisclosure Notice] Hanwha Solutions Establishes Joint Venture with GS Energy, etc. (Afternoon Summary)

[Asia Economy Reporter Lee Seon-ae] Hanwha Solutions announced on the 7th that it will acquire a 51% stake in H&G Chemical for 120.4 billion KRW. The acquisition method is cash investment, and the purpose is to establish a joint venture with GS Energy and respond to the increasing demand in the renewable energy sector. The scheduled acquisition date is March 31, 2023.

Below are the major disclosures released in the afternoon of the same day.

▲ Celltrion = Released results proving equivalence in global Phase 3 clinical trials of Stelara biosimilar CT-P43

▲ POSCO M-TECH = Suspension of operations related to outsourced packaging work for Pohang Steelworks products worth 37.8 billion KRW due to Typhoon Hinnamnor. This corresponds to 11.7% of last year's separate sales.

▲ HB Solution = Signed an equipment supply contract worth 24.4 billion KRW with Samsung Display Vietnam. This corresponds to 522.36% of 2021 sales.

▲ CS = Signed an integrated optical repeater supply contract worth 6.10954 billion KRW with SK Telecom. This corresponds to 14.87% of sales.

▲ Qurient = Submitted an improvement plan implementation report. The Korea Exchange KOSDAQ Market Division will hold a corporate evaluation committee meeting by October 11 to review and decide on delisting.

This content was produced with the assistance of AI translation services.