KRX:103140

1 story mentioning KRX:103140Updated 80d ago

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Hanwha Aerospace Abandons Plan to Take Over Poongsan's Ammunition Business

Hanwha Aerospace (KRX:012450) suspended the review of acquiring the defense unit of Poongsan (KRX:103140), according to a Thursday filing with the Korea Exchange.Shares of Hanwha Aerospace rose nearly 4% at market close while those of Poongsan declined over 3%.The South Korean defense company did not specify the reason for the decision.

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