Hanwha Expands KAI Stake to Over 13% with Additional Share Acquisition
Hanwha Group has expanded its stake in Korea Aerospace Industries (KAI) to the 13% range by acquiring additional shares.
According to the Financial Supervisory Service's electronic disclosure system on July 20, Hanwha Systems purchased 1,135,470 shares of KAI on the open market between July 9 and 16, using approximately 166.6 billion won of its own funds.
Hot Picks Today
![Claims That "Daiso Is Being Shut Down to Save AliExpress and Temu" Spread Widely... A Fact-Check [Why&Next]](https://cwcontent.asiae.co.kr/asiaresize/93/2023121315590987574_1702450749.jpg)
Claims That "Daiso Is Being Shut Down to Save AliExpress and Temu" Spread Widely... A Fact-Check [Why&Next]
- "Three-Star Rooms at 980,000 Won a Night, Five-Star at 2 Million"... Busan Fireworks Festival Seats Cost 100,000 Won, but Hotel Views Bring Another Price-Gouging Row
- "I Thought It Was a Fish": 40-Second Miracle... Fisherman Saves Drowning Puppy With CPR
- "All He Did Was Reheat and Eat Fried Rice Made the Day Before"... Man in His 20s Nearly Needed a Liver Transplant
- "Looks Like They're Having an Affair": What If You Opened a KakaoTalk Chat, Filmed It, and Shared the Video With Coworkers?
As a result, Hanwha Systems' holdings in KAI increased to 2,623,000 shares (a 2.70% stake). Including the existing shares held by Hanwha Aerospace and Hanwha Aerospace USA, Hanwha's total stake in KAI has risen to 13.61% (13,262,470 shares).
This content was produced with the assistance of AI translation services.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
