Austal Halted as Hanwha Eyes Larger Stake
Austal, the Australian strategic shipbuilder, has entered a trading halt following Treasurer Jim Chalmers’ approval of Hanwha’s proposal to increase its stake in the company. Hanwha, a South Korean company, sought to raise its ownership from 9.9 per cent to 19.9 per cent. Austal specialises in designing, constructing, and maintaining defence and commercial vessels. The […]
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