Hanwha in advanced talks over arms production for Saudi Arabia

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Hanwha's shares have rallied almost 30-fold over during the past five years, and it’s Asia’s top-performing stock this year.

The company’s shares have rallied almost 30-fold over during the past five years, and it’s Asia’s top-performing stock this year.

Hanwha earlier this month trimmed the size of its planned share sale to 2.3 trillion won ($1.6 billion) from an original 3.6 trillion won, following pushback from investors and financial authorities.

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Article Details

Author / Journalist: Sangmi Cha, Youkyung Lee, Shery Ahn, Bloomberg

Category: EconomyBusiness

Markets: United StatesSaudi ArabiaUkraine

Topics: Editor's Picks Bloomberg and defense South Korea weapons Arms

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 05:06:14 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 650 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 163 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28279903

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Official Website: fortune.com

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