Kim Dong-seon commits another W27b to Hanwha M&S share buyback

Kim Dong-seon, president of Hanwha Machinery & Service Holdings and Hanwha Group Chair Kim Seung-youn's youngest son, has decided to launch a second tender offer for company shares worth about 27 billion won ($20 million), citing the need to protect minority shareholders after a recent decline in its stock price. According to Hanwha M&S' regulatory filing on Monday, the latest offer covers approximately 3.38 million common shares, equivalent to around 4 percent of the company's total shares. The