Source: Financial Supervisory Service Dart System / 2025-11-24
Disclosure Type: Decision on Acquisition of Shares and Investment Securities of Other Corporation
💡 3-Second Summary
Hanwha Ocean has decided to participate in a shareholder-allocated paid-in capital increase of its 100%-owned U.S. subsidiary, Hanwha Ocean USA Holdings Corp., acquiring shares worth KRW 502 Billion in cash to secure investment resources.
📊 1. [Key Disclosure Details & Major Figures Summary]
- Issuing Company (Target Entity): Hanwha Ocean USA Holdings Corp. (U.S. Nationality, Representative: Yeonsung Chang, Affiliate and 100%-owned Subsidiary of Hanwha Ocean, Primary Business: Maritime service)
- Acquisition Details and Scale:
- Number of Shares to Acquire: 3,410 shares
- Acquisition Amount: KRW 502,000,000,000 (KRW 502 Billion / Converted from USD 341,000,000 using the exchange rate of 1,472.00 KRW/USD on the board resolution date of November 24, 2025, rounded to the nearest hundred million KRW)
- Ratio to Self-Equity: 10.3% of Hanwha Ocean’s consolidated equity capital of KRW 4.86 Trillion as of year-end 2024
- Ownership After Acquisition: Total shares held: 8,475 shares, ownership ratio remains at 100% (No change in ownership percentage)
- Purpose and Method: Cash acquisition through participation in shareholder-allocated paid-in capital increase to secure investment resources
- Expected Date of Acquisition: 2026-12-31 (This represents the final completion date, with capital contributions planned to be made in installments over this period based on project progress)
- Board Resolution Date: 2025-11-24 (All 5 independent directors attended)
- Report on Material Matters Regarding Asset Acquisition Eligibility: Not Applicable (The ratio of acquisition price to total assets is 2.8% based on Hanwha Ocean’s consolidated total assets of KRW 17.84 Trillion as of year-end 2024)
- Financial Status of the Target Entity (Unit: KRW):
- Current Year (As of Year-end 2024): Total Assets: 473,388,886,334, Total Liabilities: 7,069,325,520, Total Equity: 466,319,560,814, Share Capital: 4,413,115, Revenue: 1,829,917,164, Net Income: -5,299,189,956 (Audit opinion: Unqualified)
- Previous Year (As of Year-end 2023): Total Assets: 1,289, Total Liabilities: 0, Total Equity: 1,289, Share Capital: 1,294, Revenue: 0, Net Income: 0 (The entity was established in 2023, reporting no financial records for the year prior to 2023)
Note: The acquisition amount was calculated based on the investment amount of USD 341,000,000 converted into KRW using the Seoul Money Brokerage base rate of 1,472.00 KRW/USD as of the board resolution date (November 24, 2025). The schedule and details are subject to change during the actual execution process.
📈 2. [Expert’s Perspective: What This Disclosure Means for Investors]
- Acquisition Size and Ownership: Hanwha Ocean is deploying KRW 502 Billion, representing 10.3% of its total equity, into its subsidiary’s capital increase. Post-acquisition, Hanwha Ocean’s ownership percentage remains unchanged at 100%.
- Financial Baseline of the Target Subsidiary: Hanwha Ocean USA Holdings Corp. was established in 2023 and, as of year-end 2024, recorded approximately KRW 1.8 Billion in revenue and KRW -5.3 Billion in net income.
- Potential Schedule Changes: The expected acquisition date of December 31, 2026, is a final completion target with plans for installment contributions, and the actual schedule and details are subject to change during the execution process as stated in the disclosure.
📝 Editor’s Comment (by K-STOCK Editor)
This disclosure confirms Hanwha Ocean’s decision to commit KRW 502 Billion in cash—equivalent to 10.3% of its equity capital—to its wholly-owned U.S. subsidiary, Hanwha Ocean USA Holdings Corp. While this transaction represents a shareholder-allocated capital increase that maintains Hanwha Ocean’s 100% ownership, the target entity’s current financial status and the long-term funding schedule are key details for investors to monitor.
Going forward, investors should focus on two objective variables. First is the progress of the execution timeline. Because the final expected acquisition date is set for December 31, 2026, with plans to make contributions in installments over time, it is necessary to track whether this schedule proceeds as planned or if any official modifications to the timeline occur. Second is the subsidiary’s financial data trends. Established in 2023, Hanwha Ocean USA Holdings Corp. recorded a revenue of approximately KRW 1.8 Billion and a net loss of approximately KRW 5.3 Billion as of year-end 2024. Investors should continue to check future periodic disclosures to observe how the subsidiary’s balance sheet metrics and financial numbers develop over time.
📢 Disclaimer & Source Information
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART).
Investment Risk Advisory: This material is provided for informational and language 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 solely with the individual investor.
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