Hanwha weighs Korea Zinc stake sale to support Hanwha Solutions

Hanwha Corp., the holding company of South Korea’s Hanwha Group, is weighing a large-scale capital injection into its cash-strapped affiliate Hanwha Solutions through a rights offering, prompting speculation that it could fund the move by selling shares in Korea Zinc. Hanwha Solutions, the group's energy unit, on March 26 announced a capital increase of 2.4 trillion won ($1.59 billion) to improve its balance sheet and financial position. Hanwha Corp., as the largest shareholder of Hanwha Solutio

By The Korea Herald