(Photo = Hanon system)

 

[Alpha Biz= Reporter Kim Jisun] Hankook & Company Group announced on the 30th that during a board meeting at its Pangyo Technoplex headquarters, it finalized the decision to acquire an additional stake in Hanon Systems.

According to the disclosure, Hankook Tire will purchase a 23% stake in Hanon Systems from private equity firm Hahn & Company for KRW 10,000 per share. The original plan to buy a 25% stake at KRW 10,250 per share was partially revised.

The capital increase for new shares will expand from KRW 365.1 billion to KRW 600 billion, reflecting recent market conditions and aimed at securing Hanon Systems' financial stability, according to Hankook & Company Group.

As a result of this acquisition, Hankook & Company Group's stake in Hanon Systems will increase to 54.77%.

 

 

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