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Hanwha Completes Spin-Off Plan Approval With 99.9% Shareholder Support on July 15

2026-07-15 07:02:43

According to Yonhap Infomax, Hanwha shareholders approved the company's spin-off plan on July 15, with 99.9% voting in favor at an extraordinary shareholders meeting. The reorganization will split the conglomerate into two entities: a surviving company focusing on defense, shipbuilding, energy, and finance; and a newly established company handling machinery, robotics, semiconductor equipment, and retail operations, with asset allocation split 76% to 24%. The spin-off is scheduled to take effect on August 1, followed by a relisting of the existing Hanwha on August 25 and a separate listing of the newly created entity, Hanwha Machinery & Service Holdings.

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