Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Hanwha Solutions: 1.8 Trillion Won Rights Offering in 3Q 2026 - Third Time Is the Charm?

Hanwha Solutions: Better to Sell Its Stake in Korea Zinc Than Conduct a Large Capital Raise

A Tender Offer of 19% Stake in Hanwha Machinery & Service Holdings By Kim Dong-Seon

Hanwha Corp: Cancellation of 5.9% of Outstanding Shares & Updated NAV Analysis

Minority Shareholders of Hanwha Corp Preferred Shares Demand Better Protection

Hanwha Corp: Creation of Two Separate Holding Companies & Cancellation of 5.9% of Outstanding Shares

Douglas Research Advisory

Event-Driven

<ul>
<li>Hanwha Group plans to create a new holding company called Hanwha Machinery &amp; Service Holdings which will be headed by Kim Dong-Sun (third son of Hanwha Group Chairman Kim Seung-Yeon). </li>
<li>The newly established entity will be incorporated on 1 August (the spin-off date). The listing date for Hanwha Machinery &amp; Service Holdings is 25 August.</li>
<li>My NAV valuation of Hanwha Corporation (000880 KS) is 238,189 won which is 81% higher than current price. </li>
</ul>


Hanwha Group plans to create a new holding company called Hanwha Machinery &amp; Service Holdings which will be headed by Kim Dong-Sun (third son of Hanwha Group Chairman Kim Seung-Yeon). 
The newly established entity will be incorporated on 1 August (the spin-off date). The listing date for Hanwha Machinery &amp; Service Holdings is 25 August.
My NAV valuation of Hanwha Corporation (000880 KS) is 238,189 won which is 81% higher than current price. 


Creation of Hanwha Machinery & Service Holdings, Impact on Galleria and Vision, & NAV of Hanwha Corp