South Korean business conglomerate Hanwha Group now holds a 9.9% stake in Australian shipbuilding firm Austal, according to an exchange filing.
The filing revealed that Hanwha, which had its US$650 million takeover bid rejected by Austal last year, acquired 41.2 million shares at A$4.45 (around US$2.85) per share.
It is important to note that last year, Hanwha, which runs the yard formerly known as Daewoo Shipbuilding & Marine Engineering, secured an agreement to buy US shipbuilder Philly...
https://container-news.com/hanwha-takes-stake-in-australian-shipbuilder-austal/