Hanwha Co., Ltd. to Cancel Treasury Shares Within the Year... "Enhancing Shareholder Value"
Hanwha Corporation will enhance shareholder value through the cancellation of treasury shares.
On the 25th, Hanwha Corporation's board of directors decided to cancel 28,070 old preferred shares (5.9%) and 3,067,559 third preferred shares (13.7%) acquired through the exercise of stock purchase rights in June within this year.
These shares were all old preferred shares and third preferred shares acquired by Hanwha Corporation on July 1 through the exercise of stock purchase rights by existing shareholders when the Momentum division was spun off to specialize in secondary battery equipment business.
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The treasury shares will be canceled within the year after an extraordinary general meeting on November 1 following the board meeting.
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