Shipyard worker at the Austal USA yard in Mobile, Ala., looking on Independence-class Littoral Combat Ship Augusta (LCS-34). USNI News Photo A South Korean shipbuilder this week purchased a stake ...

(Bloomberg) — Hanwha Aerospace Co., one of Asia’s top-performing stocks this year, plunged after disclosing a plan to raise 3.6 trillion won ($2.5 billion) in what would be South Korea’s biggest share ...

Several brokers cut their price targets for the stock after the share sale plan. Daol Investment & Securities Co. analyst Choi Gwang-Shik said Hanwha Aerospace didn’t have to raise capital in ...