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Hanwha Solutions Rights Issue: FSS Vice Governor Hwang Says Correction Requests Will Continue if Explanation Falls Short

Published: · Source: hankyung.com

Hanwha Solutions Rights Issue: FSS Vice Governor Hwang Says Correction Requests Will Continue if Explanation Falls Short
TL;DR: FSS Vice Governor Hwang Sun-oh said at a monthly briefing that correction requests over Hanwha Solutions’ rights issue would continue if the company’s explanation remains insufficient.
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Hwang Sun-oh, vice governor of South Korea’s Financial Supervisory Service, said at a monthly briefing that the regulator would continue requesting corrections related to Hanwha Solutions’ rights issue if the company’s explanation is insufficient. The core point of the remarks is that further supplementation may be required unless Hanwha Solutions fully explains the details submitted in connection with the capital increase. The comment came as the rights issue process and the adequacy of disclosure explanations drew market attention. The company’s future clarification and whether additional correction requests are issued could affect investor judgment and the disclosure schedule. Source: hankyung.com

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