Reported 1 day ago
Hanwha Aerospace saw a significant drop in its stock value, plunging nearly 16% after announcing a plan to raise 3.6 trillion won ($2.5 billion) in South Korea's largest share sale in over three years. Despite the downturn, the company, which has benefitted from increased military spending, plans to invest the proceeds into overseas operations and aims for substantial revenue growth by 2035. Analysts have expressed concern, suggesting the company did not need to raise capital given its strong profits.
Source: YAHOO