In early trading on the 4th, Hanwha Solutions(009830) is strong. The rise appears to reflect investor sentiment after news that Kim Dong-Kwan, senior vice chairman of Hanwha Group, will participate in the paid-in capital increase.
As of 9:16 a.m. that day, Hanwha Solutions was trading at 26,750 won on the Korea Exchange, up 1,950 won (7.86%) from the previous session.
Hanwha Solutions said the previous day that on the 31st of last month, Senior Vice Chairman Kim acquired 23,153 new shares of Hanwha Solutions, increasing the holdings from 81,400 shares to 104,553 shares. However, Kim's stake remains the same as before at 0.05%.
Earlier, Hanwha Solutions disclosed that it would raise 1.17 trillion won through a paid-in capital increase last month. The funds will be used to improve the financial structure and invest in "Solar Hub," an integrated solar manufacturing base in Georgia, U.S. The company had initially planned to raise 2.4 trillion won, but the size was reduced after the financial authorities stepped in.