South Korea's Hanwha Aerospace revises capital increase plan (updated)

Hanwha Aerospace

21/05/2025 08:16

Adds comment by Hanwha Aerospace spokesperson in paragraph 3, share price in paragraph 4, background

SEOUL, May 21 (Reuters) - South Korea's largest defence firm Hanwha Aerospace 012450.KS said in a regulatory filing on Wednesday it is revising a previously announced capital increase plan.

The new plan is worth 2.9 trillion won ($2.09 billion), up from its previous plan of 2.3 trillion won, according to the filing.

A Hanwha Aerospace spokesperson said the change reflected a rise in the share price.

Hanwha Aerospace shares traded up 3.7% at 845,000 won in after-hours trading on Wednesday, after closing the session up 4.3%.

In April, the company said it would cut the size of a
planned fundraising
 by a third to 2.3 trillion won to ensure the success of the financing, and after investor and regulatory pushback.

($1 = 1,386.5100 won)

 (Reporting by Jack Kim, Joyce Lee, Hyunjoo Jin and Jihoon Lee
Editing by Ed Davies)

 ((jack.kim@thomsonreuters.com; +822 6936 1455;))