Hanwha Ocean to Inject 164.5 Billion Won Into U.S. Subsidiary via Rights Offering

Hanwha Ocean corporate identity (CI). [Photo=Hanwha Ocean]

Hanwha Ocean is expanding overseas investment by injecting new capital into its U.S. subsidiary.

The company said Thursday that its subsidiary Hanwha Ocean USA Holdings decided on a paid-in capital increase worth about 164.5 billion won to secure funds for investment, according to a regulatory filing.

The offering will be conducted as a rights issue. Hanwha Ocean, which owns 100% of the unit, will subscribe to all newly issued shares, meaning the parent will provide the funds directly without bringing in outside capital.

In the filing, Hanwha Ocean described the move as a decision on a paid-in capital increase to raise investment funds for Hanwha Ocean USA Holdings.

Payments will be made in installments through Dec. 31, 2026, depending on business progress.

* This article has been translated by AI.

SHIN JIA fromjia@ajunews.com