Kim Dong-sun, Executive Vice President of Hanwha Galleria, Secures 16.85% Stake

Kim SangJin Reporter

letyou@alphabiz.co.kr | 2024-09-19 07:32:45

 

[Alpha Biz= Reporter Kim Sangjin] Kim Dong-sun, the third son of Hanwha Group Chairman Kim Seung-youn and Executive Vice President overseeing Future Vision at Hanwha Galleria, has raised his stake in Hanwha Galleria to 16.85% after purchasing 28,164,783 shares worth approximately 45 billion KRW through a public tender offer.


Hanwha Galleria announced that from August 23 to September 11, Kim conducted a public tender offer to acquire up to 34 million shares at 1,600 KRW per share, resulting in an acquisition of 82.84% of the target shares.

Hanwha remains the largest shareholder with a 36.31% stake, followed by Kim as the second-largest shareholder, and Hanwha Solutions as the third with 1.39%.

The share price of Hanwha Galleria peaked at 1,500 KRW during the tender period but closed at 1,410 KRW on September 11, below the offer price of 1,600 KRW.

 

 

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