Dong Kwan Kim of Hanwha Acquires 23,000 Shares by Participating in Hanwha Solutions Rights Offering
Part of Hanwha Solutions' Rights Offering Process
Dong Kwan Kim, Vice Chairman of Hanwha Group, has acquired 23,153 new shares of Hanwha Solutions.
On August 3, Hanwha Solutions announced that Vice Chairman Kim purchased 23,153 common shares at 22,100 won per share by participating in a rights offering for existing shareholders of Hanwha Solutions on July 31.
As a result, Vice Chairman Kim's total holdings in Hanwha Solutions increased from 81,400 shares to 104,553 shares. His ownership percentage remains unchanged at 0.05%.
The number of shares held by Hanwha, the largest shareholder of Hanwha Solutions, increased to 80,357,854 shares, corresponding to a 35.61% stake.
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This acquisition of new shares is part of Hanwha Solutions' rights offering, which amounts to 1.7 trillion won. Hanwha Solutions plans to use the proceeds from the capital increase for debt repayment, building the integrated solar manufacturing hub in the United States, and the development of next-generation solar cells.
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