Although the company has not officially announced a rights offering, we believe the probability of Hanwha Ocean announcing a major rights offering is relatively high in the next 3-6 months.
Douglas has highlighted this Insight as a Top Pick
Boomeranged on Mon, 13 Nov 2023 16:03
Hanwha Ocean completed the subscription for its 1.5 trillion won rights offering targeting employee stock ownership association and existing shareholders, with a subscription rate of 107%. Since the company hinted of a major rights offering in late August, its share price is down nearly 30%. Its current price is 22,650 won, which is 35% higher than the rights offering price.
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