Hanwha Solutions Splits Retail Business Division... Establishes Hanwha Galleria Co., Ltd.
[Asia Economy Reporter Myung-hwan Lee] Hanwha Solutions announced on the 23rd that it has decided to spin off its retail business division through a simple and personnel split.
According to this split, the newly established company, Hanwha Galleria Co., Ltd. (tentative name), will operate the retail business division. The surviving company after the split, Hanwha Solutions Co., Ltd., will continue its chemical and renewable energy businesses. The split date is March 1, 2023.
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Following the decision to split the company, the Korea Exchange's KOSPI market suspended trading of Hanwha Solutions' shares from 3:57 PM on the same day until 9:00 AM on the 26th.
This content was produced with the assistance of AI translation services.
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