Hanwha Ocean Announces Acquisition of Additional Shares in U.S. Affiliate for KRW 164.5 Billion
Hanwha Ocean announced on March 19 that it will acquire an additional 1,107 shares of its U.S. maritime service affiliate, Hanwha Ocean USA Holdings, for approximately 164.5 billion won.
According to the disclosure, Hanwha Ocean's ownership stake will become 100% after the share acquisition. The scheduled date for the share acquisition is December 31, 2026.
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Hanwha Ocean explained that the purpose of this share acquisition is to participate in a paid-in capital increase to secure investment funds.
This content was produced with the assistance of AI translation services.
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