Hanwha Solutions’ rights offering subscription rate hits 126.9%... both existing shareholder and public offerings succeed

Hanwha Solutions closed its roughly 2 trillion won rights offering with strong demand, reaching a final subscription rate of 126.88%.

Existing shareholders subscribed at 102.68%, and oversubscription topped 6.14 million shares.

The general offering also drew high competition despite limited supply.

The successful raise should help strengthen the company’s finances and fund investment, easing dilution concerns somewhat.