Hanwha M&S President Kim Launches Tender Offer for 4% Stake at 8,000 Won Per Share

According to Yonhap Infomax, on November 9, Kim Dong-sun, president and future strategy head of Hanwha M&S, announced a tender offer to acquire 3.38 million ordinary shares at 8,000 won per share. The purchase, representing 4% of total issued shares, totals 27.04 billion won and will run through November 30, with settlement on December 2. Funds are being provided entirely from Kim's personal capital, already deposited with NH Investment Securities. If the full amount is acquired, Kim's shareholding would increase from 32.99% to 36.99%, while the combined stake including related parties like Hanwha Energy would rise from 75.51% to 79.51%.
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