[Featured Stock] Hanwha Aerospace Surpasses Celltrion to Rank 6th in Market Capitalization
Hanwha Aerospace has continued its strong upward trend for two consecutive days. During the trading session, it surpassed Celltrion to rise to 6th place in market capitalization.
As of 10:45 a.m. on the 11th, Hanwha Aerospace is trading at 773,000 won, up 33,000 won (4.46%) from the previous day. Its market capitalization has surpassed 35 trillion won, placing it 6th.
Hanwha Aerospace has shown strength amid increased market volatility, as investor sentiment improved following the reduction in the size of its rights offering. It has risen more than 16% since the beginning of this month.
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Earlier, on the 8th, Hanwha Aerospace announced that it would reduce the size of its rights offering from the originally planned 3.6 trillion won to 2.3 trillion won. The reduced 1.3 trillion won is being considered to be secured through a third-party rights offering involving three companies: Hanwha Energy, Hanwha Impact Partners, and Hanwha Energy Singapore.
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