Hanwha Solutions Pushes Ahead With 1.8 Trillion Won Rights Issue Despite FSS Review

Hanwha Solutions is moving again to pursue a rights offering worth about 1.8 trillion won, which had been temporarily delayed after the Financial Supervisory Service raised objections twice. Contrary to market expectations that the company might reduce the size of the offering, Hanwha Solutions is maintaining the original scale. The company says the fundraising is intended to support investment in future growth technologies and improve its financial structure. Although the schedule was pushed back after the regulator requested supplements to the securities filing, Hanwha Solutions said it will prepare the documents faithfully and continue the process. Whether the large-scale financing proceeds as planned and how the regulator reviews the revised filing will be key points to watch. Source: mk.co.kr