SEOUL (Reuters) -South Korea’s largest defence firm Hanwha Aerospace said in a regulatory filing on Wednesday it is revising a previously announced capital increase plan.
The new plan is worth 2.9 trillion won ($2.09 billion), up from its previous plan of 2.3 trillion won, according to the filing.
A Hanwha Aerospace spokesperson said the change reflected a rise in the share price.
Hanwha Aerospace shares traded up 3.7% at 845,000 won in after-hours trading on Wednesday, after closing the session up 4.3%.
In April, the company said it would cut the size of a planned fundraising by a third to 2.3 trillion won to ensure the success of the financing, and after investor and regulatory pushback.
($1 = 1,386.5100 won)
(Reporting by Jack Kim, Joyce Lee, Hyunjoo Jin and Jihoon LeeEditing by Ed Davies)
