Hanwha Ocean said at an earnings conference call for the third quarter held on the 27th regarding Hanwha Group's acquisition of equity in global shipbuilding and defense company Austal, "There has not been much change from last quarter's situation. We are waiting for acquisition approval from the Australian government and think it will come soon."
Hanwha Group has secured 9.9% equity in Austal and is waiting for approval from Australia's Foreign Investment Review Board (FIRB) to acquire up to 19.9%.
Regarding the business opportunities it expects with Austal, Hanwha Ocean explained, "It is a bit early and not appropriate to say what business opportunities there are, as we are not yet the largest shareholder but the second-largest shareholder."