South Korea's Hanwha Aerospace revises capital increase plan
SEOUL :South Korea's largest defence firm Hanwha Aerospace said in a regulatory filing on Wednesday it is revising a previously announced capital increase plan.
The new plan is worth 2.9 trillion won ($2.09 billion), up from its previous plan of 2.3 trillion won, according to the filing.
A Hanwha Aerospace spokesperson said the change reflected a rise in the share price.
Hanwha Aerospace shares traded up 3.7 per cent at 845,000 won in after-hours trading on Wednesday, after closing the session up 4.3 per cent.
In April, the company said it would cut the size of a planned fundraising by a third to 2.3 trillion won to ensure the success of the financing, and after investor and regulatory pushback.
($1 = 1,386.5100 won)
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