Hanwha Raises KAI Stake to 9.04%, Becomes No. 2 Shareholder
Hanwha Aerospace approved another 500 billion won purchase as the conglomerate seeks to lift its combined KAI holding above 12% by year-end.
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South Korea's Hanwha to raise KAI stake above 12% by end-2026 ...
Hanwha raises KAI stake to 9.04%, becomes No. 2 shareholder
Hanwha Group has increased its stake in Korea Aerospace Industries (KAI) to 9.04 percent, further strengthening its presence in the nation's aerospace and defense sector. Hanwha Aerospace said Tuesday in a regulatory filing that it secured a 6.5 percent stake in KAI, achieving ahead of schedule its previously announced plan to invest 500 billion won ($331 million) in the company by the end of this year. Hanwha Systems also expanded its holdings …
Hanwha Group is accelerating its acquisition of a stake in Korea Aerospace Industries (KAI). On the 16th, Hanwha disclosed that it recently acquired an additional 1,774,708 shares of KAI, jumping its stake from the existing 7.22% to 9.04%. Last month, Hanwha announced plans to invest 500 billion won to secure an 8% stake by the end of this year, and it has exceeded its target stake in just over a month.
[Digital Daily Reporter Kim Yoo-jin] Hanwha Group has increased its stake in Korea Aerospace Industries (KAI) to 9.04%, becoming the second-largest shareholder after the Export-Import Bank of Korea. While Hanwha maintains that this is a strategic stake expansion aimed at strengthening the competitiveness of the space and aviation industry and building an ecosystem, voices of criticism are emerging from some quarters, raising concerns about the …
Secures 9.04% stake including Hanwha Aerospace
Hanwha Aerospace to raise stake in Korea Aerospace Industries to 12% by end-2026
SEOUL, June 16 : South Korean defence firm Hanwha Aerospace said on Tuesday it will buy 500 billion won ($331.41 million) worth of shares in Korea Aerospace Industries (KAI). This was in addition to Hanwha Aerospace deciding to acquire 499.9 billion won worth of KAI shares on Tuesday and affiliate Hanwha Systems buying 125 billion won worth of shares in KAI, the company said in a statement. Hanwha Aerospace’s board voted to acquire the 500 billi…
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