Hanwha Impact's U.S. subsidiary Hanwha Impact Partners sold all shares of Hanwha Ocean through after-hours transaction (block deal), causing Hanwha Ocean's stock price to decline early in the session on the 5th.
On the morning of the same day at 9:13 a.m., Hanwha Ocean shares were transacted at 112,900 won on the KOSPI market. The stock price fell by 5.05% (6,000 won) compared to the previous day. At the beginning of the session, the stock price dipped to 110,100 won.
Hanwha Impact Partners sold 13,075,691 shares of Hanwha Ocean to overseas institutional investors after the market closed the previous day. The selling price was 107,100 won per share, totaling approximately 1.4 trillion won. As a 10% discount was applied compared to Hanwha Ocean's closing price the day before, the stock price is also showing a downward trend today.
Hanwha Group explained that Hanwha Impact Partners plans to use the funds secured this time for investments related to the Hanmi shipbuilding support project, 'Make American Shipbuilding Great Again' (MASGA). They also plan to utilize it for their liquefied natural gas (LNG) business and repayment of borrowing funds.