Hanwha Aerospace Completes Approximately 500 Billion KRW Open Market Purchase of Korea Aerospace Industries Shares to Secure 6.50% Stake and Strengthen Business Cooperation
Hanwha Aerospace acquired an additional 3,024,048 shares of Korea Aerospace Industries KAI through open market purchase, increasing its total stake from 3.40% to 6.50% at a cost of approximately 499.9 billion KRW.
The acquisition amount represents 2.98% of Hanwha Aerospace's equity and is funded with cash, resulting in no new share issuance or dilution for existing shareholders.
This stake expansion aims to strengthen business cooperation in the aerospace sector, and KAI maintains a stable financial profile with 2025 total assets of 10.37 trillion KRW, revenue of 3.70 trillion KRW, and net income of 187.3 billion KRW.
The expected completion date is June 16, 2026, subject to market conditions.
[AI Summary]Hanwha Aerospace's additional stake acquisition in KAI is a strategic investment that enhances synergies in the aerospace industry without diluting shareholder value. Capital allocation to a credible listed counterparty supports long-term growth, though the moderate size relative to equity limits near-term earnings impact.
KOSPI Filing Information
[Correction of Description] Decision on Acquisition of Stocks and Equity Securities of Other Corporations