Fact Source: Financial Supervisory Service DART
Market: KOSPI (015760)
💡 3-Second Summary
KEPCO has revised its equity investment disclosure for the UAE nuclear power project company (Barakah One Company), moving up the expected acquisition date to March 7, 2025, and adjusting the KRW conversion amount to approximately KRW 1.786T to reflect current exchange rates.
📊 [Key Disclosure Contents & Major Financial Figures]
- Correction Overview
- Original Disclosure Title: Decision on Acquisition of Shares and Equity Securities of Other Corporations (Initially filed on December 21, 2018)
- Reason for Correction: Change in expected acquisition date
- Key Changes (Before vs. After)
- Expected Acquisition Date:
- Before: September 30, 2025
- After: March 7, 2025
- Acquisition Amount:
- Before: KRW 1.447T (KRW 1,446,784,000,000 / approx. USD 1.28B at exchange rate of 1,130.30 KRW/$)
- After: KRW 1.786T (KRW 1,785,606,210,070 / approx. USD 1.22B at exchange rate of 1,459.60 KRW/$)
- Ratio to Total Equity:
- Before: 1.98% (Based on FY2017 consolidated total equity of KRW 72.965T)
- After: 4.79% (Based on FY2023 consolidated total equity of KRW 37.265T)
- Acquisition Amount to Total Assets Ratio:
- Before: 0.79%
- After: 0.74% (Based on FY2023 consolidated total assets of KRW 239.715T)
- Project Period:
- Before: 2017–2085 (60 years following completion of Unit 4 in 2025)
- After: 2017–2084 (60 years following commercial operation of Unit 4 in 2024)
- Details of Acquisition
- Target Company: Barakah One Company (Nationality: UAE)
- Primary Business: UAE nuclear power plant construction and operation
- Number of Shares to Acquire: 4,493,376 shares
- Shares Owned After Acquisition & Equity Ratio: 4,493,736 shares (18.0% ownership)
- Method of Acquisition: Equity investment through an investment holding company (Global One Pioneer)
- Purpose of Acquisition: Equity contribution to the UAE nuclear power project
- Board Resolution Date: December 20, 2018 (7 Outside Directors present, 1 absent)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Capital Execution Following the Shift in Expected Acquisition Date
This correction disclosure updates the KRW-denominated acquisition amount and reference financial metrics to current levels while bringing forward the expected acquisition date to March 7, 2025. Verifying whether the equity contribution process through the investment holding company is completed as scheduled on the revised date is important for understanding the final execution of the transaction. Investors can track further details through subsequent official filings or periodic reports.
📢 Disclaimer & Source Notice
Source: This content has been re-structured and generated based on official corporate filing data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This information is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest entirely with the investor.
Contact Us: For compliance-related inquiries or copyright requests, please contact ksb220805@gmail.com.
