Hanwha Systems, a listed company on the KOSPI, announced on the 26th that it would acquire 26,09961 shares of Daewoo Shipbuilding & Marine Engineering, a company that builds ships and floating structures, for about 500 billion won.
After the stock acquisition, Hanwha Systems’ stake in Daewoo Shipbuilding & Marine Engineering will be 12.3%.
The expected date of acquisition of the shares is March 31 of next year.
Hanwha Systems stated that the purpose of this stock acquisition is to “secure new growth engines for the future and create strategic business synergies.”
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