Hanwha Aerospace Cuts Capital Increase Plan to $1.6 Billion

Reported 9 days ago

South Korea's Hanwha Aerospace has revised its capital increase plan, reducing it from 3.6 trillion won to 2.3 trillion won ($1.6 billion), as directed by the Financial Supervisory Service. This change is aimed at better aligning the capital raising with the company's overall restructuring strategy. The firm has also projected significant revenue growth for 2025, expecting 30 trillion won in revenue.

Source: YAHOO

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