Hanwha Group's stock price rose, coinciding with a surprising performance in the restructuring of equity in the shipbuilding sector. Even Hanwha Galleria and Hanwha Life, which are less related to shipbuilding, are on the rise.
As of 2:20 p.m. on the 13th, Hanwha Ocean is trading at 77,000 won, up 5.62% from the previous day. Hanwha also increased by 12.20% during the same period, and Hanwha Engine rose 3.59%.
In addition, most Hanwha stocks are rising, including Hanwha Galleria (15.14%), Hanwha Life (7.57%), Hanwha Investment & Securities (4.64%), and HANWHA GENERAL INSURANCE (1.64%).
This stock price trend is interpreted as reflecting expectations for restructuring as Hanwha Aerospace acquires the equity of Hanwha Ocean, which was scattered within the group.
On the 10th, Hanwha Aerospace purchased 7.3% of Hanwha Ocean shares held by Hanwha Impact Partners (5.0% equity) and Hanwha Energy (2.3%) based on the closing price. The size is 1.3 trillion won. As Hanwha Aerospace acquires equity in Hanwha Ocean, it appears to be expanding its business portfolio into shipbuilding and marine industries.
The market views that Hanwha Group is trying to consolidate the scattered equity of Hanwha Ocean into its core subsidiary, Hanwha Aerospace, during the process of acquiring Daewoo Shipbuilding & Marine Engineering. There is also a possibility that Hanwha Aerospace will further purchase equity in Hanwha Ocean.
Meanwhile, Hanwha Aerospace, which had risen rapidly over the past two trading days, showed a slight decline on this day. At the same time, Hanwha Aerospace is trading at 519,000 won, down 0.19% from the previous day.