Hanwha President Kim Dong-seon to acquire 19% stake in Hanwha M&S for W128.5b, becoming largest individual shareholder
Hanwha President Kim Dong-seon is putting 128.5 billion won ($96.3 million) of his own money into a tender offer for a 19 percent stake in Hanwha Machinery & Service Holdings, offering a 32 percent premium. This move would make him the company’s largest individual shareholder. Kim, the youngest son of Hanwha Group Chair Kim Seung-youn and head of future strategy at Hanwha M&S, will offer 8,000 won per share for up to 16.06 million shares from Monday through Nov. 2.
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