Hanwha Aerospace ups stake in Hanwha Ocean in $900 mn block deal

Q: How long will it take to read this news story?

The story "Hanwha Aerospace ups stake in Hanwha Ocean in $900 mn block deal" has 287 words across 16 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Hanwha Aerospace ups stake in Hanwha Ocean in $900 mn block deal" was covered 5 hours ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 7 news stories per day. It's most recent story was published 1 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26072136</li><li>URL: https://chronographically.beamstart.com/news/hanwha-aerospace-ups-stake-in-17392579243687</li></ul>

Korea Economic Daily Logo Korea Economic Daily 5h ago

Hanwha Aerospace ups stake in Hanwha Ocean in $900 mn block deal - Korea Economic Daily

Quick Summary:

Hanwha Aerospace on Monday decided at a board meeting to buy 22.38 million shares in Hanwha Ocean at 58,100 won per share from the other Hanwha Group units on March 13, according to its regulatory filing.The purchase price is 8.2% lower than the shipbuilder's share price that closed at 63,300 won on Tuesday, up 8.95% compared to Monday's finish.

Hanwha Aerospace Co.will acquire an additional 1.3 trillion won ($900 million) worth of shares in Hanwha Ocean Co.from its sister companies through a block deal in March.

In 2023, Hanwha Group acquired Hanwha Ocean, then Daewoo Shipbuilding & Marine Engineering Co., in a 2-trillion-won deal.