Hanwha Impact Partners announced on September 5 that it had divested its entire 4.27% stake in Hanwha Ocean through after-hours trading.
The transaction involved 13,075,691 common shares, sold at 107,100 KRW (about 77 USD) per share, totaling approximately 1.4 trillion KRW (about 1.01 billion USD). The buyers were reportedly primarily foreign institutional investors.
Sources indicate that the proceeds from the sale will be allocated to U.S.-Korea shipbuilding collaborations, including the Make American Shipbuilding Great Again (MASGA) project.
Last month, during the U.S.-Korea summit, Hanwha Group had already announced plans to invest an additional 5 billion USD in the Hanwha Philly Shipyard.