Hanwha’s preemptive bet on KAI comes as bane to LIG
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Hanwha Aerospace’s latest acquisition of a stake in Korea Aerospace Industries (KAI) is emerging as a strategic blow to LIG Defense & Aerospace (D&A), potentially undermining the latter’s prospects in any future bid in the state-controlled aerospace firm. The Hanwha affiliate purchased Monday additional 100,000 KAI shares — equivalent to a 0.1 percent stake. Combined with the 4.99 percent stake secured in March through other affiliates, including Hanwha Systems, Hanwha’s total ownership in KAI h
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