Corporate Logo(source: hanwhasystems.com)
Hanwha Systems(272210) has reached an all-time high, driven by news that the company, along with Hanwha Aerospace(012450), is moving forward with the acquisition of Australian shipbuilder Austal.
As of 9:41 AM on the 18th, Hanwha Systems' stock was trading at 41,350 won, up 6% from the previous trading day. Early in the session, the stock surged to 42,500 won, marking a new record high in just one day. At the same time, shares of Hanwha Aerospace(012450) and Hanwha Ocean(042660) also saw gains.
The news of the Austal acquisition appears to have sparked investor sentiment. Hanwha Systems and Hanwha Aerospace hold 60% and 40% stakes, respectively, in the Australian local subsidiary(HAA No.1), which on the previous day purchased a 9.9% stake in Austal through over-the-counter transactions.
Additionally, a total return swap(TRS) agreement was made via an Australian securities firm for another 9.9% stake in Austal. A TRS is a financial contract in which the investor does not directly own the underlying asset but receives the economic benefits and losses tied to it.
HAA No.1 has also applied for approval from Australia's Foreign Investment Review Board(FIRB) for a 19.9% stake in Austal. If approved, Hanwha will become the largest shareholder in Austal.
Hanwha Group is particularly focused on Austal’s role as one of the four key suppliers to the U.S. Navy. Austal holds a leading market share of 40-60% in the U.S. small surface combatant and logistics support vessel market.
Michael Coulter, President of Hanwha Aerospace’s Global Defence Business, stated, “We expect that Hanwha, through cooperation with Austal, will play a significant role in the global defense and shipbuilding industries.”
*[KOSPI]Hanwha Systems(272210) engages in the defense sector, manufacturing and selling military equipment, and the ICT sector, providing services such as IT outsourcing. Market capitalization is 7.3395 trillion won(as of March 17 2025, closing price).
*[KOSPI]Hanwha Aerospace(012450) engages in the production and sales of aircraft, gas turbine engines, artillery systems, and armored vehicles domestically and internationally. Market capitalization is 34 trillion 322.6 billion won(as of March 17, 2025, closing price).
*[KOSPI]Hanwha Ocean(042660) is a comprehensive shipbuilding and marine specialized company that constructs various types of vessels such as LNG carriers, tankers, container ships, and LPG carriers, as well as special-purpose vessels including submarines, destroyers, rescue vessels, and patrol boats. Market capitalization is 23 trillion 379.3 billion won(as of March 17, 2025, closing price).
Corporate Logo(source: hanwhasystems.com)
Hanwha Systems(272210) has reached an all-time high, driven by news that the company, along with Hanwha Aerospace(012450), is moving forward with the acquisition of Australian shipbuilder Austal.
As of 9:41 AM on the 18th, Hanwha Systems' stock was trading at 41,350 won, up 6% from the previous trading day. Early in the session, the stock surged to 42,500 won, marking a new record high in just one day. At the same time, shares of Hanwha Aerospace(012450) and Hanwha Ocean(042660) also saw gains.
The news of the Austal acquisition appears to have sparked investor sentiment. Hanwha Systems and Hanwha Aerospace hold 60% and 40% stakes, respectively, in the Australian local subsidiary(HAA No.1), which on the previous day purchased a 9.9% stake in Austal through over-the-counter transactions.
Additionally, a total return swap(TRS) agreement was made via an Australian securities firm for another 9.9% stake in Austal. A TRS is a financial contract in which the investor does not directly own the underlying asset but receives the economic benefits and losses tied to it.
HAA No.1 has also applied for approval from Australia's Foreign Investment Review Board(FIRB) for a 19.9% stake in Austal. If approved, Hanwha will become the largest shareholder in Austal.
Hanwha Group is particularly focused on Austal’s role as one of the four key suppliers to the U.S. Navy. Austal holds a leading market share of 40-60% in the U.S. small surface combatant and logistics support vessel market.
Michael Coulter, President of Hanwha Aerospace’s Global Defence Business, stated, “We expect that Hanwha, through cooperation with Austal, will play a significant role in the global defense and shipbuilding industries.”
*[KOSPI]Hanwha Systems(272210) engages in the defense sector, manufacturing and selling military equipment, and the ICT sector, providing services such as IT outsourcing. Market capitalization is 7.3395 trillion won(as of March 17 2025, closing price).
*[KOSPI]Hanwha Aerospace(012450) engages in the production and sales of aircraft, gas turbine engines, artillery systems, and armored vehicles domestically and internationally. Market capitalization is 34 trillion 322.6 billion won(as of March 17, 2025, closing price).
*[KOSPI]Hanwha Ocean(042660) is a comprehensive shipbuilding and marine specialized company that constructs various types of vessels such as LNG carriers, tankers, container ships, and LPG carriers, as well as special-purpose vessels including submarines, destroyers, rescue vessels, and patrol boats. Market capitalization is 23 trillion 379.3 billion won(as of March 17, 2025, closing price).