Business
Hanon Systems Announces Rights Offering of Approximately 900 Billion KRW to Strengthen Financial Stability
Hanon Systems (KS:018880), a leading global provider of automotive thermal management solutions and a subsidiary of Hankook & Company Group (Chairman Hyun-bum Cho), today announced that its board of directors has approved a rights offering totaling approximately 900 billion KRW. The capital increase is aimed at enhancing corporate value and securing operational funds to support long-term growth. A portion of the funds will be allocated for debt repayment to strengthen the company's financial sta
About this update from Hankook & Company Co., Ltd.
[{"type":"list","items":[{"val":[{"type":"text","content":"The capital increase is designed to enhance corporate value and secure operational funds for sustainable growth","length":111,"tagName":"p"}]},{"val":[{"type":"text","content":"A portion of the funds will be used for debt repayment to strengthen the company's financial stability","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Rights offering to be conducted through shareholder allocation and public subscription of shares","length":96,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":313,"olType":false},{"type":"text","content":"SEOUL, South Korea, Sept. 23, 2025 /PRNewswire/ -- Hanon Systems (KS:018880), a leading global provider of automotive thermal management solutions and a subsidiary of Hankook & Company Group (Chairman Hyun-bum Cho), today announced that its board of directors has approved a rights offering totaling approximately 900 billion KRW. The capital increase is aimed at enhancing corporate value and securing operational funds to support long-term growth. A portion of the funds will be allocated for debt repayment to strengthen the company's financial stability.","length":566,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Hanon Systems)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Hanon Systems)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/b9acac9c39fba6650714bc86a1b23791"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/70FZRibI0TkR7NLq9xRzVA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b9acac9c39fba6650714bc86a1b23791","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2592116/Hanon_Systems_new_logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Under the terms of offering, Hanon Systems will issue 347,500,000 registered common shares, representing 51.20% of the existing shares, through a shareholder allocation. Of the newly issued shares, 20% will be allocated to the Employee Stock Ownership Association, with the remaining shares distributed to existing shareholders as of the record date, November 14. Any unsubscribed or fractional shares will be subsequently made available via public offering.","length":458,"tagName":"p"},{"type":"text","...