Hanwha REITS Co., Ltd announced that it will issue 47,400,000 common shares at an issue price of KRW 5,000 for the gross proceeds of KRW 237,000,000,000 on November 23, 2022. The transaction will include participation from Standard Chartered Bank Korea Limited for 8,800,000 shares, Hanwha Life Insurance Co., Ltd. for 32,600,000 shares and Koramco NHUF REIT Co., Ltd. for 6,000,000 shares. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on November 29, 2022. The company issued shares through third party allotment.