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Photo = Hanwha Energy |
[Alpha Biz= Kim Jisun] Hanwha Energy is reviewing an initial public offering (IPO), but Hanwha Group has dismissed speculation that the move is related to management succession or mergers with affiliates.
According to industry sources on Tuesday, Hanwha Energy recently distributed a request for proposal (RFP) to major domestic securities firms for the selection of underwriters.
Hanwha Energy has drawn attention regarding succession, as it is entirely owned by the three sons of Hanwha Group’s chairman. The company is a privately held entity owned 100% by the third-generation heirs—Vice Chairman Kim Dong-kwan (50%), Hanwha Life President Kim Dong-won (25%), and Hanwha Galleria and Hanwha Hotels & Resorts Executive Vice President Kim Dong-sun (25%). Additionally, Hanwha Energy holds a 22.16% stake in Hanwha Corporation, nearly matching the 22.65% stake owned by Chairman Kim Seung-yeon, the largest shareholder.
Given this background, speculation has emerged that Hanwha Energy's IPO may be linked to corporate restructuring or securing succession funds. Some also suggest the possibility of a merger with Hanwha Corporation.
However, Hanwha Group has firmly denied these speculations.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
