Australia Will Allow Hanwha to Raise Its Austal Stake to 19.9%
NeutralTechnology

- Australia has approved Hanwha Aerospace, a leading South Korean defense firm, to increase its stake in shipbuilder Austal Ltd. to 19.9%, following a recommendation from the Foreign Investment Review Board, as announced by Treasurer Jim Chalmers.
- This decision signifies a strengthening of ties between Australia and South Korea in the defense sector, potentially enhancing Hanwha's influence in the Australian shipbuilding market and supporting Austal's growth and innovation in naval technology.
— via World Pulse Now AI Editorial System






