Hanwool Materials Science Completes 13.8 Billion KRW Third-Party Allocation Capital Increase Payment... "Investment in Quantum Business"

by Ryu Hyunseok

Published 31 Dec.2024 10:37(KST)

Hanwool Materials Science announced on the 31st that the payment for the third-party allotment capital increase amounting to a total of 13.8 billion KRW has been completed. The company decided on the third-party allotment capital increase on the 8th of last month.

Hanwool Materials Science Completes 13.8 Billion KRW Third-Party Allocation Capital Increase Payment... "Investment in Quantum Business"

The company stated, “We have completed the restructuring of the telecommunications division and expect the commercialization of the quantum communication and quantum cryptography divisions, which have continued for four years.” They added, “We have a New Year plan to meet expectations with new sales through new materials business.” They emphasized, “We will strive to maximize corporate growth and shareholder value based on the secured funds.”