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Hanwha Shares Surge 17% on Trading Resumption Following Spin-off

Producer Manufacturing · Industrial Conglomerates · yonhap_finance · 2026-08-25

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Hanwha shares rallied significantly on their first day of trading post-spin-off, driven by optimism regarding improved shareholder value and corporate structure.

What Happened

Stock Performance: Hanwha shares jumped 17.40% to close at 118,100 KRW on the 25th, the first day of trading after its spin-off. The surge was fueled by expectations that the removal of non-listed subsidiaries would reduce the conglomerate discount and enhance shareholder value.

New Entity Listing: Alongside the parent company, the newly formed entity, Hanwha Machinery & Service Holdings, also debuted on the market, closing at 10,010 KRW. The split was previously approved by shareholders to separate the defense and energy divisions from the tech and life segments.

Analyst Outlook: Mirae Asset Securities raised its target price for Hanwha from 100,700 KRW to 185,000 KRW. Analysts cited the reduction in the conglomerate discount and the company's commitment to shareholder returns, including share buybacks and cancellations, as key drivers for the upgrade.

Future Outlook: With most of the resources for shareholder returns remaining in the surviving entity, investors are optimistic about future dividend policies. The market is closely watching how these structural changes will impact the company's long-term valuation.

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