Hanwha Investment & Securities to raise up to $680M for financial-investment license push
What's the deal? Hanwha Investment & SecuritiesDealroom has a profile for this one. Try Dealroom → will raise up to US$754.6M through a rights offering and hybrid securities issuance, its board approved on September 30. The capital is meant to strengthen the firm's financial base ahead of entering the comprehensive financial investment business.
Who's putting in the money? The plan splits into a US$419.2M third-party rights offering and up to US$335.4M in privately issued hybrid securities. Major shareholder Hanwha Asset ManagementDealroom has a profile for this one. Try Dealroom → and parent company Hanwha Life InsuranceDealroom has a profile for this one. Try Dealroom → will each contribute US$209.6M to the rights offering.
HanwhaDealroom has a profile for this one. Try Dealroom → Asset Management will take 50 million common shares, while Hanwha Life will acquire 50 million convertible preferred shares, each priced at US$4.19. After the raise, Hanwha Asset Management will hold 46.73% and Hanwha Life 15.66% of total issued shares.
What's the endgame? Hanwha plans to use the capital to expand asset management and investment capacity in core businesses, then pursue a comprehensive financial investment business license. It is also weighing a bigger digital asset operation, including building its own platform and securing blockchain infrastructure through alliances with global firms.
"This capital increase is a decision that goes beyond simple external growth to lead digital financial innovation based on a stable financial foundation," chief executive officer Jang Byung-ho said. He added the firm aims to "establish ourselves as a leading financial company with differentiated competitiveness by advancing into comprehensive financial investment business."
The signal: The raise reflects a familiar path for mid-sized Korean brokerages: bulk up capital to clear regulatory thresholds for a fuller-service license, while betting on digital assets as a growth lever. Backing from within the Hanwha group signals a coordinated push rather than a stand-alone bet.
Read more: en.infomaxai.com
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