Hanwha Corporation (KOSE:A000880) agreed to acquire Hanwha Techwin (Shangai) Co.,Ltd. from Hanwha Aerospace Co., Ltd. (KOSE:A012450) for KRW 35 billion on July 29, 2022. Total common equity was KRW 3931 billion. The expected closing date is January 3, 2023. As of December 28, 2022, The expected closing date has changed to May 31, 2023. As of May 26, 2023 the deal is expected to close on December 31, 2023.

Hanwha Corporation (KOSE:A000880) cancelled the acquisition of Hanwha Techwin (Shangai) Co.,Ltd. from Hanwha Aerospace Co., Ltd. (KOSE:A012450) on September 26, 2023.