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Hanwha Group's solar energy company has launched a privatization plan

 Last Update: 2022-12-27
 Source: Internet
 Author: User

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Hanwha Group, a leading solar PV module manufacturer in South Korea, today announced that its board of directors has received a preliminary non-binding proposal letter (proposal letter) from Hanwha Solar Holdings Co.
, Ltd.
(HSH), a subsidiary of
Hanwha Chemical Corporation, filed on August 2, 2018.

Hanwha Solar Holdings Limited will purportedly acquire all outstanding but not yet owned shares for a cash consideration per American Depositary Receipt ("ADS"), i.
e.
$0.
18 per common share, for the purpose of privatization
.

Hanwha Group's board of directors intends to form a special committee composed of independent directors to consider the proposal, stating in the announcement, "The Company has informed its shareholders and others considering buying or selling its securities that the board has just received the proposal and has not made any decision on it, and there is no assurance that any express offer
will be made.
" ”

Hanwha

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