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 Aerospace Rights Offering - Third Time Is a Charm?

A Pair Trade of Hanwha Aerospace and Hanwha Ocean

Hanwha Aerospace - Lowers Rights Offering Capital Raise Amount To 2.3 Trillion Won

Overhang on KDB's Sell Down of Its 19.5% Stake in Hanwha Ocean

Douglas Research Advisory

Equity Capital Markets

Hanwha Aerospace / Equity Capital Markets

<ul>
<li>On 21 May, Hanwha Aerospace (012450 KS) announced that the rights offering price increased to 684,000 won (up 26.9% from 539,000 won previously) due to recent increase in price.</li>
<li>Due to the higher rights offering price, the scale of the capital raise has increased from 2.3 trillion won previously to 2.9 trillion won (US$2.1 billion).</li>
<li>Issue price is determined by applying a 15% discount rate to the one-month weighted arithmetic average price, one-week weighted arithmetic average  price, and the closing price on the base date.</li>
</ul>


On 21 May, Hanwha Aerospace (012450 KS) announced that the rights offering price increased to 684,000 won (up 26.9% from 539,000 won previously) due to recent increase in price.
Due to the higher rights offering price, the scale of the capital raise has increased from 2.3 trillion won previously to 2.9 trillion won (US$2.1 billion).
Issue price is determined by applying a 15% discount rate to the one-month weighted arithmetic average price, one-week weighted arithmetic average  price, and the closing price on the base date.


Hanwha Aerospace: Higher Rights Offering Price and Amount