Fact Source: Financial Supervisory Service DART
💡 Executive Summary
Hanwha Ocean decided to pledge 134.3M shares of its affiliate, Sinan Oui Offshore Wind Power Co., Ltd. (face value of KRW 134.3B), as collateral to support the affiliate’s KRW 2.89T project financing loan.
📊 [Key Disclosure Details & Financial Summary]
1. Debtor and Creditor Details
- Debtor: Sinan Oui Offshore Wind Power Co., Ltd. (Relationship: Affiliate)
- Creditors (Lender Group): Korea Development Bank, KB Kookmin Bank, KB Insurance, KB Life Insurance, Shinhan Bank, Hana Bank, Hana Life Insurance, Hana Insurance, Woori Bank, Tongyang Life Insurance, NH Bank, NH Property & Casualty Insurance, Busan Bank, Samsung Fire & Marine Insurance, Kyobo Life Insurance, Hyundai Marine & Fire Insurance, Lotte Insurance, Industrial Bank of Korea, etc.
2. Collateral Provision Details & Terms
- Debtor Borrowing Amount: KRW 2,890,000,000,000 (KRW 2.89T, Project Financing Loan)
- Collateral Setting Amount: KRW 134,300,000,000 (KRW 134.3B based on face value)
- Ratio to Equity: 2.76% (Equity: KRW 4,863,349,890,725 as of 2024 year-end consolidated financial statement)
- Collateral Property: 134,300,000 shares of Sinan Oui Offshore Wind Power Co., Ltd. (Establishment of pledge)
- Collateral Period: 2026-03-31 ~ 2048-12-31
- Start Date: Scheduled execution date of share pledge agreement (Re-disclosure planned upon execution)
- End Date: Scheduled repayment date of PF principal and interest
- Total Outstanding Collateral Balance (Excluding this transaction): KRW 390,000,000,000 (Shares of Yangyang Suri Wind Power Co., Ltd., etc.)
- Board Resolution Date: 2026-02-13 (All 5 independent directors attended)
3. Debtor Financial Summary (2024 Year-End)
- Total Assets: KRW 4,023,000,000
- Total Liabilities: KRW 164,000,000
- Total Equity: KRW 3,859,000,000
- Capital Stock: KRW 4,627,000,000
- Revenue: –
- Net Loss: KRW -421,000,000
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Share Pledge Agreement Execution
This disclosure reports Hanwha Ocean’s decision to provide a pledge over its shares in an affiliate in connection with the affiliate’s project financing loan agreement for offshore wind power development.
Verifying whether the share pledge agreement is executed as planned around the scheduled start date is important for evaluating whether the pledge procedure and associated financing arrangements have been finalized.
Progress on contract execution and collateral details can be tracked through future re-disclosures upon agreement signing, as well as official periodic filings such as Quarterly, Semi-Annual, and Annual Reports.
📢 Disclaimer & Source Notice
Source: This content was newly structured and generated based on official filing data from the Financial Supervisory Service DART system.
Investment Risk Warning: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest entirely with the investor.
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