Hanwha Aerospace "Additional Acquisition of Hanwha Ocean Shares for 1.3 Trillion KRW"

Hanwha Aerospace, a KOSPI-listed company, announced on the 10th that it plans to additionally acquire 22,375,216 shares of its affiliate Hanwha Ocean for approximately 1.3 trillion KRW.

Upon completion of this stock acquisition, Hanwha Aerospace's stake in Hanwha Ocean will increase to 30.4%. The scheduled date for the stock acquisition is set for the 13th of next month.

Hanwha Aerospace explained that the purpose of this stake expansion is "to enhance synergy effects and strengthen responsible management."

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