Hanwha Global Asset Corporation announced a private placement of 943,975 common shares at a price of KRW 52,989 for the gross proceeds of KRW 50,020,291,275 on October 31, 2023. The transaction will include participation from returning investor Hanwha Solutions Corporation. The shares will be allotted through shareholder's allocation method.

The transaction has been approved by the shareholder's of the company. The company is expected to close the transaction on November 16, 2023.