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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. ....
Provided by Dow Jones By Kwanwoo Jun Hanwha Aerospace Co. s shares rallied Tuesday after the South Korean company struck a $322.3 million deal to supply engine parts to General Electric Co. The defense and aircraft-engine company s stock closed 13% higher at 48,950 won ($43.57), notching its biggest daily percentage gain since June 17, 2020. Hanwha Aerospace said in a regulatory filing that it has signed a letter of intent to supply aircraft-engine parts to GE from 2023 to 2026. The rally was also driven by the U.S. and South Korea agreeing over the weekend to lift Washington s restrictions on Seoul s missile development, IBK Securities analyst Lee Sang-hyun says. ....
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has entered into a wide-ranging series of agreements (together the Agreement ) with Graphene Lab Co Ltd ( Graphene Lab ), a South Korean based company specialising in chemical vapor deposition ( CVD ) graphene, including sensors, OLEDs, and flexible transparent touch panels, with the intention of advancing both Versarien s and Graphene Lab s proposed activities in South Korea. This follows the Company s acquisition of certain graphene production related assets and intellectual property from South Korea based Hanwha Aerospace Co. Ltd (the Acquisition ), as announced on 22 December 2020.
In addition, Graphene Lab has made a strategic investment of £1.93 million in the Company through a subscription for 4,280,000 new Ordinary Shares (the Subscription Shares ) at an issue of price of 45 pence per Ordinary Share (the Issue Price ). The Subscrip ....
9 April 2021 | 08:06am StockMarketWire.com - Advanced materials engineering group Versarien has entered into a wide-ranging series of agreements with Graphene Lab to advance both companies proposed activities in South Korea. Graphene Lab is a South Korean based company specialising in chemical vapor deposition graphene. This follows Versarien s acquisition of certain graphene production related assets and intellectual property from South Korea based Hanwha Aerospace Co as announced on 22 December 2020. The agreement provides a licence to Graphene Lab to utilise, exclusively in South Korea, 14 of the patents acquired through the Acquisition for a 5% royalty on sales payable to Versarien. Under the Agreement, Graphene Lab has the right to use certain Versarien trademarks on payment of a 2% royalty on sales to Versarien. ....