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Kim Dong-seon expands Hanwams tender offer to 26.20 million shares

Kim Dong-seon (김동선), head of future strategy at Hanwha Machinery and Service Holdings (Hanwha M&S), will increase the number of shares in a tender offer by 10.14 million. The total targeted amount will be 26.20 million common shares, about 31 percent of Hanwha M&S shares. The offer price remains 8,000 won per share and the offer period stays Oct. 12 to Nov. 2. The increase followed subscription intentions by related parties.