[Special Stock] Hanwha Aerospace Rises on Executive Share Purchase
[Asia Economy Reporter Hwang Yoon-joo] Hanwha Aerospace is on the rise following news that its executives and employees have acquired company shares. Generally, when executives buy company shares, it is interpreted as a signal of a stock price bottom, which acts positively.
As of 9:42 AM on the 4th, Hanwha Aerospace is trading at 74,200 KRW, up 3.34% (2,400 KRW) compared to the previous day.
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Hanwha Aerospace announced through a disclosure yesterday that its executives and employees acquired company shares. Woo Young-jin, CFO of Hanwha Defense, Kim Mu-young, and Jo Man-gi, directors of Hanwha Defense, acquired shares. Hanwha Defense is a subsidiary of Hanwha Aerospace. In addition, other executives such as Shin Ho-gil, Kim Tae-hyung, and Oh Jae-i also newly acquired shares.
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