HANWHA ASSET MANAGEMENT TO RECAPITALIZE BY SELLING NEW SHARES

Highlights –

• Asset Management Company allocate new shares to its parent unit
• Hanwha Life Insurance rose 0.93 percent
• The asset management company is planning for global expansion

South Korea’s Hanwha Asset Management Co. in its disclosure on Feb. 28, 2020, mentioned that it will recapitalize by $428 million by the end of this month by selling new shares to ....