South Korea watchdog blocks Hanwha $2.5bn capital plan

Move comes after Hanwha Aerospace has worst share price since 2016

20250327 Hanwha Aerospace, South Korea

South Korea's financial watchdog has ordered Hanwha Aerospace to revised a $2.46 capital increase filing submitted a week ago. © Reuters

SEOUL (Reuters) -- South Korea's financial market watchdog on Thursday ordered Hanwha Aerospace to submit a revised filing after the defense company announced a capital increasing plan worth 3.6 trillion won ($2.46 billion).

The order comes a week after Hanwha Aerospace announced the plan, the country's biggest-ever secondary share issue, to boost local and overseas production amid growing demand.

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