Block trade in Hanwha Life prices at 9.7% discount

Hanwha Chemical reduces its stake in the insurance company, raising $112 million. The deal attracts domestic long-only investors and international funds.
<div style="text-align: left;"> Hanwha Life's headquarters in Seoul </div>
<div style="text-align: left;"> Hanwha Life's headquarters in Seoul </div>
February 27, 2013

Hanwha Chemical has reduced its stake in Hanwha Life Insurance through a block trade that priced at a discount of 9.7% to the latest close and raised W122.4 billion ($112 million), a source said yesterday.

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