The Board of Hanwha Solutions Corporation (KOSE:A009830) announced the spin-off of Hanwha Galleria Co., Ltd. on September 23, 2022. The Galleria unit will be relisted on the local stock market in March next year. The transaction is subject to shareholders approval and is approved by board of directors of Hanwha Solutions Corporation. As of February 14, 2023, Hanwha Solutions Corp. gained approval from shareholders to spin off Hanwha Galleria as a separate company. Hanwha Solutions shareholders will receive the shares of Hanwha Galleria in the ratio of 0.1013494. Shares are expected to re-listed on March 31, 2023 and expected Spin-off date is March 1, 2023.

The Board of Hanwha Solutions Corporation (KOSE:A009830) completed the spin-off of Hanwha Galleria Co., Ltd. on March 1, 2023.