13/06/2024 7:54 PM


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Hanhwa Secures AUS 140 Million Capital Commitment from GEM as Company Seeks to Go Public

The Business seeks to go public in the coming yr on the ASX

MELBOURNE, Australia, May possibly 02, 2022–(Business enterprise WIRE)–Hanhwa Aus Pty Ltd (“Hanhwa”), A world automotive manufacturer is pleased to announce that it has signed an agreement (“Agreement”) with GEM Worldwide Yield LLC SCS (“GGY”), the Luxembourg based private choice investment decision group, to supply Hanhwa with a share subscription facility of up to AUS 140 million for a 36-month expression subsequent a public listing. The share membership facility will allow for Hanhwa to attract down money by issuing shares of popular stock to GEM. Hanhwa will manage the timing and the greatest dimension of such drawdowns and has no bare minimum drawdown obligation. Concurrent with a public listing Hanhwa will concern warrants to GEM to buy up to 5.2% of the prevalent inventory of the firm.

About Hanhwa

Because its development in 2016, in Victoria, Australia, Hanhwa Aus Pty Ltd. (“Hanhwa”) is an recognized International Automotive Technologies – First Equipment Manufacturing / Engineering and Distribution Enterprise, in the Automotive field by way of a major immediate distribution product, with versatility on distinctive request by global automotive businesses.

Hanhwa has a environment major product so has been ready to husband or wife with higher profile global entities together with Isuzu, Toyota, Mercedes-Benz, Fuso, Volvo, importing to the aforementioned locations as properly as the EU and the Gulf Cooperation Council.

Hanhwa’s main verticals go over all automotive electronics technologies associated to infotainment, telematics, and digital components. Hanhwa has also been intimately involved in the eco-friendly electric automobile phase, getting labored about the very last 2 a long time investing and building in electrical vehicle command methods and displays for the electric truck marketplace. With the enhancement of eco-friendly motor vehicles there is an escalating desire for automotive electronic factors and devices, as the automobile commences to change focus to eco-friendly, self-driving, and motor vehicle sharing – the car or truck is adapting and shifting from an present of “transportation” to develop into a “shifting it system” really linked to technological innovation.

Hanhwa Aus guardian corporation Hanhwa Hightech Co. Ltd (Hanhwa Korea) was founded in 1998, and started providing motor vehicle audio components, tooling and providing front panel escutcheons to a car or truck audio company in Japan, and also made and equipped vehicle audio/ wiring harnesses for precise types of vehicles.

As a production plant, they have been playing a crucial purpose in generating the core goods in South Korea and serving to Hanhwa Aus results in being one particular of the leading Automotive elements supplier in terms of profits quantity. Hanhwa Korea assists Hanhwa Aus to preserve its wonderful popularity for its Automotive elements about the environment and to develop into new territories.

“The AUD $140 million Cash dedication from our partners GEM noticeably strengthens and accelerates our 5-12 months expansion system in getting a person of the main Australian automotive manufacturers and distributors to further develop into the World wide stage. Our know-how and system will be driven more with this economic arrangement and GEM will intently aide on the business system to meet up with the lengthy-expression vision and goals of the corporation. We are pleased that our infrastructure and product or service improvement will be enhanced to unlock the price and expedite expansion which will go on to increase our effective product, with a 12 months-on-12 months income expansion in 2021 getting 174%. The Hanhwa government workforce are fired up to leverage our prospective buyers on listing on the ASX to allow for our present and potential customers to have the finest products and benefit in this sector.” Mentioned Ryan Lee, CEO Hanwha Aus Pty Ltd.

About GEM

Global Rising Marketplaces (“GEM”) is a $3.4 billion, substitute expense group with functions in Paris, New York, and The Bahamas. GEM manages a assorted set of financial commitment vehicles concentrated on emerging markets and has finished around 520 transactions in 80 nations. Each and every financial investment motor vehicle has a unique degree of operational command, possibility-adjusted return, and liquidity profile. The spouse and children of funds and financial commitment cars supply GEM and its partners with exposure to: Smaller-Mid Cap Management Buyouts, Personal Investments in General public Equities and pick out undertaking investments.

For extra details: http://www.gemny.com

Check out supply edition on businesswire.com: https://www.businesswire.com/news/dwelling/20220501005034/en/


Hanhwa: www.hanhwa.com.au , [email protected]
GEM: www.gemny.com , [email protected]