Hanwha Solutions: 1.8 Trillion Won Rights Offering in 3Q 2026 - Third Time Is the Charm?
On 14 May, Hanwha Solutions (009830 KS) submitted a third amended filings for its 1.8 trillion won rights offering capital raise which the company plans to complete in 3Q 2026.
As the fundraising schedule has been postponed to the third quarter, the company faces a near-term risk of a credit rating downgrade.
Sustainability of the company’s earnings rebound remains questionable. So I continue to have a Negative View of Hanwha Solutions. The company also does not have compelling, attractive valuations.
