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Hanwha to Split Aug. 1; Kiwoom Says Combined Market Cap Will Rise

2026-07-29 00:01:38

According to Kiwoom Securities, Hanwha's combined market capitalization after its Aug. 1 spinoff is expected to increase from current levels, the brokerage said on July 29. The company will split into Hanwha (surviving holding company) and Hanwha Machinery & Service Holdings (newly established), with a split ratio of 0.756 to 0.244. Existing shareholders will receive 1.22 new shares per held share. Kiwoom maintained a 'buy' rating with a target price of 169,000 won; Hanwha closed at 86,800 won on July 28.

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Emimi04

· 1h ago

good morning everyone🗿

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