[Alpha Biz= Kim Jisun] On June 23, Hanwha Solutions announced that it has raised approximately KRW 500 billion by selling a portion of its shares in its German subsidiary, Q Energy Solutions SE, and entering into a Price Return Swap (PRS) agreement. This move is aimed at enhancing liquidity and improving the company’s financial structure.



According to the disclosure, Hanwha Solutions sold 2,784,293 shares of Q Energy Solutions SE. The PRS agreement includes KRW 400 billion worth of common shares and KRW 100 billion worth of Equity Profit Participation Rights (E-PPRs) as underlying assets.



A PRS is a type of derivative contract in which, at the time of settlement, if the value of the underlying asset increases compared to the contract date, the company raising the funds receives the profit. If the value decreases, the company compensates the investor for the loss.



Hanwha Solutions stated that the transaction reflects its commitment to financial discipline, and will provide the company with greater flexibility to respond to global market opportunities.

 

 

 

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