KDB "Hanhwa, Daewoo Shipbuilding completed paid-in capital increase of KRW 2 trillion"

Reporter Kim Jisun / approved : 2023-05-24 02:50:40
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[Alpha Biz=(Chicago) Reporter Kim Jisun] The Korea Development Bank said on the 23rd that Hanwha Group has completed a KRW 2 trillion paid-in capital increase in front of Daewoo Shipbuilding.

The Korea Development Bank explained, "The strategic investment attraction process, which has been pursued since September last year to fundamentally normalize Daewoo Shipbuilding & Marine Engineering, was successfully concluded with Hanwha Group's 2 trillion won paid-in capital increase in front of Daewoo Shipbuilding & Marine Engineering."

"With the success of this investment attraction, Daewoo Shipbuilding will be able to become a leading global company through bold R&D investment and responsible and efficient management activities by private shareholders," he expected.

In particular, it is predicted that Hanwha Group's defense competitiveness and eco-friendly energy sector will be combined with Daewoo Shipbuilding's ability to build special ships and transportation technology to grow into a comprehensive defense and energy company.

The Korea Development Bank said earlier that a new share acquisition contract was signed in December last year between Daewoo Shipbuilding and Hanwha Group, which includes a KRW 2 trillion paid-in capital increase.

Hanwha will become the largest shareholder with a 49.3% stake in management rights by acquiring Daewoo Shipbuilding's new shares through the paid-in capital increase. After the paid-in capital increase, KDB's stake will be lowered from 55.7% to 28.2% (second largest shareholder).

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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