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Hansol Chemical’s Iksan Plant (Photo courtesy of Hansol Chemical) |
[Alpha Biz= Kim Jisun] SEOUL, August 25, 2025 — Hansol Chemical announced on August 25 that Chairman Cho Dong-hyuk of Hansol Group sold a 2.74% stake in the company (310,000 shares) to GS Group for approximately KRW 55 billion (USD 41 million).
Following the transaction, the National Pension Service (NPS) has become Hansol Chemical’s largest shareholder with a 13.34% stake. Chairman Cho’s ownership has been reduced to 8.91% (1.01 million shares).
The stake sale is understood to be linked to Chairman Cho’s personal debt repayment. He had previously pledged Hansol Chemical shares as collateral for loans of around KRW 60 billion from NongHyup and Korea Securities Finance Corporation.
In order to minimize potential market impact, Chairman Cho sought out a long-term strategic investor, ultimately finalizing the deal with GS Group.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
