Hanwha Investment & Securities will expand its capital by up to 900 billion won through a rights offering (paid-in capital increase) and the issuance of new hybrid capital securities, laying the groundwork for entry into the comprehensive financial investment business sector.
On the 30th, Hanwha Investment & Securities held a board meeting and resolved to conduct a third-party allotment rights offering (paid-in capital increase) worth 500 billion won and issue new hybrid capital securities of up to 400 billion won. The rights offering (paid-in capital increase) targets Hanwha Asset Management, the company’s largest shareholder, and Hanwha Life Insurance, the parent company of Hanwha Asset Management. The new hybrid capital securities will be issued in the form of private placement perpetual bonds (bonds recognized as capital for accounting purposes).
Hanwha Investment & Securities stated that this capital expansion is “aimed at enhancing financial soundness, entering the comprehensive financial investment business sector, and leaping into a leading digital asset financial institution.” The company plans to use the secured capital to increase its asset management and investment capacity in core business segments, while also considering strategic partnerships and collaborations with global leading companies necessary for building its own digital asset platform and securing blockchain infrastructure.
Jang Byung-ho, CEO of Hanwha Investment & Securities, said, “This is a decision made not merely to pursue external growth, but to lead digital financial innovation based on a stable financial foundation and proactively secure future growth drivers.” He added, “We will leap into a comprehensive financial investment business and establish ourselves as a leading financial institution with differentiated competitiveness.”
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