Hanwha Global Asset Corporation announced that it will issue 2,260,320 common shares at an issue price of KRW 52,989 per share for the gross proceeds of KRW 119,772,096,480 on February 22, 2024. The transaction will include participation from returning investor Hanwha Solutions Corporation. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on March 14, 2024. The company has received KRW 2,253,668,000,000 in funding till date. The company will issue common shares through shareholder allocation increase.