- Hanwha Systems to invest 84.63 billion won in HS USA Holdings through full subscription of rights offering
- Investment supports expansion of Hanwha Shipping, a U.S.-based subsidiary of Hanwha Ocean established in April 2024.
- Hanwha Systems expected to provide cybersecurity and digital solutions for Hanwha Shipping vessels.
Hanwha Systems announced on June 25 that it will acquire 62,000 shares in HS USA Holdings, the U.S. holding company under Hanwha Ocean, for approximately 84.63 billion won. The investment will be made through a rights offering, with Hanwha Systems subscribing to the entire issuance. This move strengthens Hanwha Systems’ role in Hanwha Group’s broader maritime ambitions.
Purpose and Capital Allocation
The share acquisition is aimed at securing equity participation and injecting capital into HS USA Holdings, which will use the funds to invest further in Hanwha Shipping. The initiative reflects Hanwha Group’s commitment to expanding its shipping and logistics capabilities, particularly in the U.S. market.
Hanwha Shipping’s Role
Hanwha Shipping, founded in April 2024, is the maritime logistics subsidiary of Hanwha Ocean in the U.S. It plays a strategic role in supporting the group’s trans-Pacific operations and aligns with Hanwha’s global expansion roadmap in the shipbuilding and shipping sectors.
Tech and Cybersecurity Synergy
As part of its involvement, Hanwha Systems is anticipated to provide cybersecurity and high-tech digital solutions to Hanwha Shipping. These services may include vessel protection systems, network security, and operational technology (OT) integration, reinforcing maritime safety and digital resilience.
Broader Implications
This move not only enhances Hanwha Systems’ footprint in the global maritime industry but also strengthens the internal collaboration within Hanwha Group. The strategic investment reflects the group’s integrated approach to shipping, defense, and digital services in support of long-term growth and competitiveness.
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Source: Chosun Biz
