Hanwha Aerospace 'Successful Capital Increase'... Accelerating Overseas Production Base Establishment

[Financial News] Hanwha Aerospace has succeeded in a 'record-breaking' capital increase. The general public subscription competition ratio was 227.6 to 1. In particular, even after the announcement of the capital increase, the stock price rose, showing that shareholders have confidence in the 'future value'. Hanwha Aerospace plans to contribute to the export of 'K-Defense' by establishing overseas production bases with the funds secured through the capital increase.
Hanwha Aerospace announced on the 11th that it recorded a subscription rate of 106.4% for existing shareholders and a general public subscription competition ratio of 227.6 to 1 for the largest-ever capital increase of 2.9188 trillion won. The final competition ratio reached 1.93 to 1, reflecting high expectations in the capital market.
The influx of general investors is interpreted as the result of Hanwha Aerospace's 'growth strategy as a global defense company' and 'proactive investment plan to enhance corporate value' resonating with investors.
The stock price of Hanwha Aerospace rose from 722,000 won on the day of the capital increase announcement (March 20) to 853,000 won as of the closing price on July 10. It increased by 18.1% even after the capital increase announcement.
The 2.9188 trillion won secured through this capital increase will be invested in △establishing overseas production capacity (1.3 trillion won) △acquiring securities of other corporations such as establishing joint ventures (918.8 billion won) △building a smart factory for propulsion explosives (MCS) to respond to domestic and international demand (600 billion won) △operating investment in factory facilities (100 billion won).
Hanwha Aerospace emphasized the need for a 'localization strategy through large-scale investment' in response to major countries such as Europe expanding their defense budgets due to global geopolitical crises. Through this, they presented a mid- to long-term vision of △expanding global weapon systems business such as K9 self-propelled howitzers and Chunmoo multiple rocket launchers in major strategic markets △strategic cooperation with NATO and European countries.
A Hanwha Aerospace representative stated, "The success of this capital increase shows that Hanwha Aerospace's strategy to strengthen global defense leadership and investment plans for sustainable growth are gaining market trust," adding, "The secured funds will be strategically invested in key areas such as expanding defense exports, developing future weapon systems like AI and unmanned systems, and investing in the shipbuilding and marine business."
Hanwha Aerospace is set to list new shares on the 21st.
hoya0222@fnnews.com Kim Dong-ho reporter