KSE - Delayed Quote KRW

Hanwha Aerospace Co., Ltd. (012450.KS)

771,000.00

-21,000.00

(-2.65%)

At close: 3:07:14 PM GMT+9

South Korea's Hanwha Aerospace slashes capital increase plan to $1.6 billion

SEOUL (Reuters) -South Korea's Hanwha Aerospace will cut the size of a planned fundraising by one-third to 2.3 trillion won ($1.6 billion) to ensure the success of the financing, and after investor and regulatory pushback, it said on Tuesday. The country's largest defence firm had previously announced in March an equity capital increase worth 3.6 trillion won to build up overseas and domestic production to meet growing international demand. However, the Financial Supervisory Service, South Korea's financial regulator, ordered Hanwha Aerospace to revise the plan, saying the company needed to better explain how the equity raising fit with a broader plan to restructure the company.

Reuters 7 days ago

012450.KS
-2.65%
South Korea watchdog questions purpose of Hanwha Aerospace's $2.5 billion share issue

SEOUL (Reuters) -South Korea's financial market watchdog said on Tuesday that Hanwha Aerospace needed to better explain how a proposed 3.6 trillion won ($2.46 billion) equity raising fits with a broader plan to restructure the company. The Financial Supervisory Service (FSS) last week blocked the defence company's controversial capital raising plans on the grounds its filing lacked information needed for shareholders to make rational investment decisions, and ordered it to submit a revised filing. "The ownership restructuring of affiliates and its relevance to the share issue plan, as well as the impact of the restructuring on the firm should be sufficiently noted," FSS Senior Deputy Governor Hahm Yong-il told a briefing.

Reuters 14 days ago

012450.KS
-2.65%
Korean Arms Maker’s 3,100% Rally Tests Limit of Defense Boom

(Bloomberg) -- South Korea’s Hanwha Aerospace Co. has emerged as the world’s best-performing defense stock as investors bet the upending of security alliances by US President Donald Trump will spur a buying spree for weapons, particularly in the affordable conventional arms the company’s been making for decades.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?Gold-Rush Fever Returns to Historic New Zealand Mining TownHow SUVs Are Making Traffic WorseTrump Slas

Bloomberg 18 days ago

012450.KS
-2.65%
Hanwha Aerospace Shares Slump on $2.5 Billion Share Sale Plan

(Bloomberg) -- Hanwha Aerospace Co., one of Asia’s top-performing stocks this year, plunged after disclosing a plan to raise 3.6 trillion won ($2.5 billion) in what would be South Korea’s biggest share sale in more than three years.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.How SUVs Are Making Traffic WorseParis Votes to Make 500 M

Bloomberg 25 days ago

012450.KS
-2.65%
US Navy Shipbuilder’s Stock Jumps in Sydney as Hanwha Buys Stake

(Bloomberg) -- Shares of Australian shipbuilder Austal Ltd. climbed after a unit of Hanwha Aerospace Co. became a substantial shareholder of the US Navy contractor, as South Korea’s top defense firm attempts to bolster its foothold in America.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for

Bloomberg 28 days ago

012450.KS
-2.65%
ASB.AX

^YH310
Hanwha Aerospace Receives DNV AIP Certification on Hydrogen Fuel Cells

Hanwha Aerospace announces that it has received Approval in Principle (AIP) certification from DNV for its 200kW hydrogen fuel cell system designed for maritime applications, marking a significant milestone in the company's official entry into the eco-friendly zero-carbon vessel market. This achievement follows the company's development of the world's first liquid-cooled Energy Storage System (ESS) late last year, securing consecutive world-class zero-carbon power solutions.

PR Newswire last month

012450.KQ

012450.KS
-2.65%
Asia’s Defense Stocks Climb on Hopes of More European Arms Spending

Defense stocks in key Asian markets jumped, buoyed by expectations that European nations will boost security spending.

The Wall Street Journal last month

064350.KS
+0.38%
012450.KS
-2.65%
Hanwha Aerospace and SK Enmove Unveil World's First Immersion Cooling ESS: Leading the Way in Non-Flammable Battery Solutions

Hanwha Aerospace, in collaboration with SK Enmove, has unveiled the world's first immersion cooling Energy Storage System (ESS), marking a significant step towards non-flammable battery technology.

PR Newswire 6 months ago

012450.KQ

012450.KS
-2.65%
Hanwha to showcase cutting-edge aerospace solutions at Farnborough Airshow 2024

Hanwha Aerospace will join the 2024 Farnborough International Airshow with a strong presence, offering a range of advanced solutions in the aviation and space domains.

PR Newswire 8 months ago

012450.KQ

012450.KS
-2.65%
Hanwha Launches Engine Leasing Platform

Hanwha, the seventh largest Korean conglomerate and a Fortune 500 company, has announced the launch of Hanwha Aviation, an engine leasing platform with a long-term vertically integrated strategy for newer generation assets with operations in Singapore, Ireland, and the U.S.

PR Newswire 11 months ago

012450.KS
-2.65%
Hanwha Ocean invests into ammonia technology with Amogy

The shipbuilding company will use Amogy’s technology for ammonia-powered vessels as part of its drive to support sustainable shipping solutions.

Ship Technology 11 months ago

012450.KS
-2.65%
South Korea, Romania pledge defence cooperation amid reports of contract in works

South Korean and Romanian leaders pledged on Tuesday to boost defence industry cooperation as Seoul pushes to establish itself as the world's fourth-largest arms exporter amid reports of huge additional contracts in the works. President Yoon Suk Yeol hosted his Romanian counterpart, Klaus Iohannis, for a summit and pledged to increase cooperation in the defence industry, including joint production of weapons, a statement said. South Korea's defence minister Shin Won-sik separately hosted Poland's deputy defence minister, Pawel Bejda, amid reports of an impending contract for Hanwha Aerospace to supply additional weapons systems and negotiations over financing.

Reuters 11 months ago

012450.KS
-2.65%
BAE to Modernize WWII-Era Ammunition Plant

The facility is vital to national security.

IEN 11 months ago

BAESY

012450.KS
-2.65%
Hanwha Aerospace Celebrates Production of 10,000 Military Engines

Hanwha Aerospace rolled out its 10,000th military engine on April 15, achieving a major milestone for its indigenous development and manufacturing of aero engines.

PR Newswire 11 months ago

012450.KS
-2.65%

Performance Overview

Return	012450.KS	KOSPI Composite Index (^KS11)
YTD	+136.14%	+3.32%
1-Year	+234.15%	-7.17%
3-Year	+1,238.60%	-8.05%

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Hanwha Aerospace Co., Ltd. (012450.KS)

South Korea's Hanwha Aerospace slashes capital increase plan to $1.6 billion

South Korea watchdog questions purpose of Hanwha Aerospace's $2.5 billion share issue

Korean Arms Maker’s 3,100% Rally Tests Limit of Defense Boom

Hanwha Aerospace Shares Slump on $2.5 Billion Share Sale Plan

US Navy Shipbuilder’s Stock Jumps in Sydney as Hanwha Buys Stake

Hanwha Aerospace Receives DNV AIP Certification on Hydrogen Fuel Cells

Asia’s Defense Stocks Climb on Hopes of More European Arms Spending

Hanwha Aerospace and SK Enmove Unveil World's First Immersion Cooling ESS: Leading the Way in Non-Flammable Battery Solutions

Hanwha to showcase cutting-edge aerospace solutions at Farnborough Airshow 2024

Hanwha Launches Engine Leasing Platform

Hanwha Ocean invests into ammonia technology with Amogy

South Korea, Romania pledge defence cooperation amid reports of contract in works

BAE to Modernize WWII-Era Ammunition Plant

Hanwha Aerospace Celebrates Production of 10,000 Military Engines

Performance Overview