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Hanon Systems Headquarters (Photo = Hanon Systems) |
[Alpha Biz= Kim Jisun] Seoul, September 23, 2025 – Hanon Systems (018880.KQ), a leading automotive thermal energy management solutions provider under the Hankook & Company Group, announced that its extraordinary shareholders’ meeting today approved a rights offering totaling KRW 900.025 billion.
The capital increase will be executed through the issuance of 347.5 million new common shares, equivalent to 51.20% of currently outstanding shares, via a shareholder allotment with any unsubscribed shares to be offered to the public.
Key details of the rights offering include:
20% of new shares will be allocated first to the company’s employee stock ownership association.
The remaining shares will be distributed pro rata to existing shareholders as of the record date, November 14, 2025.
Any unsubscribed or fractional shares will subsequently be offered through a public subscription.
The provisional issue price is set at KRW 2,590 per share, calculated based on the lower of (i) the weighted arithmetic average price over the prior one month or one week, or (ii) the closing price on the business day immediately preceding the board resolution.
Hanon Systems stated that the rights offering is designed to strengthen its financial structure and support long-term business growth initiatives in the automotive thermal management sector.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
