Hanwha Aerospace's stock price turned positive during trading on the 26th. This is believed to be due to the holding company Hanwha's decision to fully digest the allocation amount for the capital increase of Hanwha Aerospace.
Hanwha Aerospace shares were traded at 670,000 won on the KOSPI market at 1:19 p.m. on the same day. The stock price rose by 2.45% (16,000 won) compared to the previous day. Although it fell to 632,000 won during trading, it rebounded following Hanwha's announcement of 100% participation in the capital increase.
Hanwha announced that during a board meeting that day, it decided to acquire all 1,622,298 new shares allocated according to its equity stake (33.95%) in Hanwha Aerospace. This is approximately 980 billion won based on the expected issue price of new shares (605,000 won). Hanwha plans to secure funds for its participation in the capital increase through cash reserves and financial procurement.
Kim Seung-mo, the representative of Hanwha, noted, "I agree on the necessity of bold investment in Hanwha Aerospace, and we will participate in the capital increase to enhance Hanwha shareholder value through the growth of our subsidiary while fulfilling the responsibilities of the major shareholder."
Hanwha Aerospace plans to raise 3.6 trillion won through the capital increase. It has presented a blueprint to invest this into overseas defense hubs, aiming to achieve consolidated sales of 70 trillion won and an operating profit of 10 trillion won by 2035.