이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Hanwha Group Chairman to buy $22.5 mn preferred shares in Hanwha Corp.
- Collected
- 2016.09.27
- Distributed
- 2016.09.28
- Source
- Go Direct
According to South Korea’s Hanwha Group on Monday, Chairman Kim decided to buy 1.47 million shares in Hanwha Corporation as the company’s largest shareholder. Total purchase is worth 25 billion won with the per share price of 17,000 won.
Kim Dong-kwan, the chairman’s eldest son and senior managing director at Hanwha Q Cells Co. who owns a 4.44 percent interest in Hanwha Corporation, is also expected to buy some new preferred shares.
An unnamed official from Hanwha Group said that although preferred shares have no voting rights, Chairman Kim decided to buy them to show his commitment to responsible management as the company’s largest shareholder and to successfully increase capital.
Chairman Kim is the largest shareholder of Hanwha Corporation with a 22.65 percent stake. Kim’s overall stock ownership levels will remain unchanged as preferred shares do not add any voting rights.
Hanwha Corporation plans to use the proceeds from its new share sale to improve its financial health and pay for the cost of financing the acquisition of Hanwha Techwin Co.
By Kim Jung-hwan
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]