Market Chatter: Hanwha Group Launches Tender Offer for Austal Stake

MT Newswires Live

Mar 19, 2025

Hanwha Group initiated a public tender offer to acquire shares in Australian shipbuilder Austal (ASX:ASB), Pulse News reported Tuesday.

Hanwha Systems (KRX:272210) and Hanwha Aerospace (KRX:012450) injected 266.6 billion won into their Australian subsidiary for the bid.

Hanwha plans to buy a 9.9% stake before seeking the approval of Australia's Foreign Investment Review Board (FIRB) to acquire at least 19.9% of Austal, the report said.

The deal is part of Hanwha's efforts to gain a strategic entry point into the US market by leveraging Austal's established warship-building shipyard there.

Shares of Hanwha Systems rose nearly 1%, while those of Hanwha Aerospace fell 1% in recent trade. Shares of Austal fell about 3%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2520974519"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2520974519\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2520974519?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-19 11:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2520974519","market":"sh","top_or_hot":-1,"title":"Market Chatter: Hanwha Group Launches Tender Offer for Austal Stake","media":"MT Newswires Live","content":"<html><body><p> Hanwha Group initiated a public tender offer to acquire shares in Australian shipbuilder Austal (ASX:ASB), Pulse News reported Tuesday.</p><p>Hanwha Systems (KRX:272210) and Hanwha Aerospace (KRX:012450) injected 266.6 billion won into their Australian subsidiary for the bid.</p><p>Hanwha plans to buy a 9.9% stake before seeking the approval of Australia's Foreign Investment Review Board (FIRB) to acquire at least 19.9% of Austal, the report said.</p><p>The deal is part of Hanwha's efforts to gain a strategic entry point into the US market by leveraging Austal's established warship-building shipyard there.</p><p>Shares of Hanwha Systems rose nearly 1%, while those of Hanwha Aerospace fell 1% in recent trade. Shares of Austal fell about 3%.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Hanwha Group Launches Tender Offer for Austal Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Hanwha Group Launches Tender Offer for Austal Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-19 11:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Hanwha Group initiated a public tender offer to acquire shares in Australian shipbuilder Austal (ASX:ASB), Pulse News reported Tuesday.</p><p>Hanwha Systems (KRX:272210) and Hanwha Aerospace (KRX:012450) injected 266.6 billion won into their Australian subsidiary for the bid.</p><p>Hanwha plans to buy a 9.9% stake before seeking the approval of Australia's Foreign Investment Review Board (FIRB) to acquire at least 19.9% of Austal, the report said.</p><p>The deal is part of Hanwha's efforts to gain a strategic entry point into the US market by leveraging Austal's established warship-building shipyard there.</p><p>Shares of Hanwha Systems rose nearly 1%, while those of Hanwha Aerospace fell 1% in recent trade. Shares of Austal fell about 3%.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASB.AU","symbol_name":"AUSTAL LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2520974519","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520974519","pubTimestamp":1742356308,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hanwha Group initiated a public tender offer to acquire shares in Australian shipbuilder Austal , Pulse News reported Tuesday.Hanwha Systems  and Hanwha Aerospace  injected 266.6 billion won into their Australian subsidiary for the bid.Hanwha plans to buy a 9.9% stake before seeking the approval of Australia's Foreign Investment Review Board  to acquire at least 19.9% of Austal, the report said.The deal is part of Hanwha's efforts to gain a strategic entry point into the US market by leveraging Austal's established warship-building shipyard there.Shares of Hanwha Systems rose nearly 1%, while those of Hanwha Aerospace fell 1% in recent trade. Shares of Austal fell about 3%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ASB.AU":"AUSTAL LTD","XAO.AU":"标普/澳交所 普通股指数","BK7115":"航天航空与国防","XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数"},"translate_title":"市场热议：韩华集团对奥斯塔股份发起要约收购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XJO.AU":0.9,"XAO.AU":0.9,"XKO.AU":0.9,"ASB.AU":0.9},"content_text":"Hanwha Group initiated a public tender offer to acquire shares in Australian shipbuilder Austal (ASX:ASB), Pulse News reported Tuesday.Hanwha Systems (KRX:272210) and Hanwha Aerospace (KRX:012450) injected 266.6 billion won into their Australian subsidiary for the bid.Hanwha plans to buy a 9.9% stake before seeking the approval of Australia's Foreign Investment Review Board (FIRB) to acquire at least 19.9% of Austal, the report said.The deal is part of Hanwha's efforts to gain a strategic entry point into the US market by leveraging Austal's established warship-building shipyard there.Shares of Hanwha Systems rose nearly 1%, while those of Hanwha Aerospace fell 1% in recent trade. Shares of Austal fell about 3%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}