Hanwha Solutions Records 107% Subscription Rate in Rights Offering

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[Asia Economy Reporter Hwang Yoon-joo] Hanwha Solutions announced on the 26th that the subscription rate for the rights offering conducted from the 24th to the 25th for the employee stock ownership association and existing shareholders reached 106.97%. The issue price was 42,850 KRW, the number of shares issued was 31,414,000, and the listing date of the new shares is March 18.

Including the proceeds from this rights offering, Hanwha Solutions plans to invest 2.8 trillion KRW over the next five years starting this year in next-generation solar power and green hydrogen businesses. Through this, the company aims to achieve sales of 21 trillion KRW and operating profit of 2.3 trillion KRW by 2025, positioning itself as a global 'total energy solution' company.

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