The Firm recently represented Hanwha Chemical Corporation (“Hanwha Chemical”) in connection with its offering of 21,656,060 global depositary shares (“GDSs”) representing 21,656,060 ordinary shares of Hanwha Chemical, with an aggregate offering price of approximately US$340 million. The GDSs have been offered in reliance upon Rule 144A and Regulation S, under the Securities Act of 1933, as amended, and have been listed on the Singapore Stock Exchange.
Hanwha Chemical, a member company of the Hanwha Group, is a leading chemical company in Korea engaged in the production of chemical, solar energy, construction, automotive and electronic materials and products, as well as in the consumer retail business. Hanwha Chemical is listed on the KRX KOSPI Market of the Korea Exchange.
The offering was led by Citigroup Global Markets Limited, Goldman Sachs International and Hanwha Investment & Securities Co., Ltd.
The Simpson Thacher team for the transaction included Youngjin Sohn, John Hahn and Hyun Kang (Brian) Kim (Corporate); Jonathan Cantor and Michael Cardella (Tax); George Wang and Andrew Winerman (OFAC); and Jeanne Annarumma (ECEB).