Arab Today, arab today hanwha chemical to raise 340m via gdr sales
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Arab Today, arab today
Arab Today, arab today

Hanwha Chemical to raise $340m via GDR sales

Arab Today, arab today

Arab Today, arab today Hanwha Chemical to raise $340m via GDR sales

Seoul - Yonhap

Hanwha Chemical Co., a unit of South Korea's Hanwha Group, said Thursday it will raise US$340 million by selling its shares to overseas investors. The global depository receipts (GDRs), or certificates of stock ownership, were priced at $15.7 each, the company said. The GDRs represent some 216.56 million common stocks and will be listed on the Singapore Exchange on May 9, it said

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