- Amends terms from May's capital increase, allocating new shares to Hankook Tire & Technology
- Funds to support proactive business restructuring and enhance financial stability amid industry changes
SEOUL, South Korea,
Sept. 30, 2024 /PRNewswire/ -- Hanon Systems (KS:018880), a leading global provider of automotive thermal energy management solutions for electrified mobility, announced today that its board of directors has conditionally approved to expand the third-party allotment capital increase previously disclosed on
May 3. Under the revised terms, Hanon Systems will issue approximately 145 million shares at a price of
KRW 4,139 per share, raising a total of
KRW 600 billion, fully funded by Hankook Tire & Technology. The initial capital increase of
KRW 365.1 billion has expanded to a total of
KRW 600 billion.
Register to read this story and more for free.
Signing up for an account helps us improve your browsing experience.
Continue
OR
See our subscription options.
Already have an account? Log in
here
