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Hanwha Systems to launch $1.1 bn rights issue in June
Two other Hanwha units as top shareholders to apply for extra issues
Jin-seong Kim
2 HOURS AGO
Hanwha　Systems 　Butterfly,　a　personal　air　vehicle　under　development　with　Overair,　a　US　air　taxi　startup
Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea s Hanwha Group, is set to launch a rights offering next month to raise around 1.2 trillion won ($1.1 billion) as the company is looking for new M&A targets and boosting R&D spending.
On May 31, the Hanwha Group unit will price its new 78.7 million shares that amount to 71.3% of its current outstanding shares. The estimated issuance price of 15,800 won apiece is 13% below the current market price. ....

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