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[Apha Biz=(Chicago) Reporter Paul Lee] Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) is planning to raise funds worth KRW 2 trillion. It is intended to prepare for the future by making preemptive investments in the defense sector.
"We are considering various ways to raise funds for new businesses, including a paid-in capital increase," Hanwha Ocean announced on the 22nd. "The specific method has yet to be finalized."
Although it was not confirmed that it was a 'paid-in capital increase', it was said that it would secure 'live ammunition' in any way. Hanwha Ocean is reportedly seeking to raise funds worth between 2 trillion won and 2.5 trillion won. It is 25-30% of Hanwha Ocean's market capitalization (about 8 trillion won).
Hanwha Ocean was acquired by Hanwha Group in May. At that time, Hanwha Group participated in Hanwha Ocean's 2 trillion won paid-in capital increase and became a major shareholder with a 49.3% stake. From Hanwha Ocean's point of view, it has started to secure large-scale funds three months after the acquisition was completed.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
