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Hanwha Solutions to use 2.4 trillion won to defend credit rating, repay borrowings

Hanwha Solutions approved a 2.4 trillion won rights issue to overhaul its financial structure and pre-empt pressure on its credit rating by directly repaying debt. Of the proceeds, 1.5 trillion won will be used to redeem bonds, commercial paper and credit lines maturing this year, targeting a consolidated debt ratio below 150 percent by year-end. The remaining 900 billion won will fund solar technology investments over three years. The company also disclosed a 2026-2030 shareholder return policy.