Hanwha Energy Secures 5.2% Stake in Hanwha Co., Ltd. Through Tender Offer
Subscription of a total of 3.9 million shares on the 24th
Hanwha Energy secured an additional 5.2% stake by acquiring 65% of the target quantity in the public tender offer for common shares of Hanwha Corporation.
According to Hanwha Energy on the 24th, a total of 3.9 million shares were tendered during the offer period from the 5th to the 24th.
Hanwha Energy had set the tender offer price at 30,000 KRW, which is a 12.9% premium over the one-month average price and a 7.7% premium over the closing price on the day before the tender offer. The number of shares tendered fell short of the initial target of 6 million shares.
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Hanwha Energy will purchase all 3.9 million shares tendered. The payment date for the shares subject to the tender offer is scheduled for the 26th.
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