Hanwha Precision Machinery Co., Ltd. announced a placement of 1,064,302 common shares at an issue price of KRW 159,729 per share for gross proceeds of KRW 169,999,894,158 on March 26, 2024. The transaction will include participation from returning investor, Hanwha Aerospace Co., Ltd. for 1,064,302 shares to retain 100% stake in the company. The transaction has been approved by board of directors of the company.

The method of capital increase is through shareholder allocation.