[Apha Biz=(Chicago) Reporter Paul Lee] Hanwha System announced on the 15th that it will acquire 8,619,261 shares of Hanwha Ocean for 192,640,483,350 won.

After acquiring the stock, Hanwha System's stake in Hanwha Ocean will be 11.34%. The stock acquisition date is November 16th.

Regarding the purpose of acquisition, the company said, "Strengthening business synergy through investment in new businesses and enhancing the value of our holdings."

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