Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing is a corrected disclosure reflecting the finalized settlement amount of KRW 35.3B for the wind power business acquisition from Hanwha Corporation, updating the total transaction amount to KRW 223.4B.
📊 Key Filing Details & Key Figures Summary
1. Correction Details & Reason
- Original Disclosure: Other Management Matters – Decision on Business Acquisition (Originally Filed: December 31, 2024)
- Reason for Correction: Correction of disclosure items following finalization of settlement amount
- Corrected Items (Wind Power Business Acquisition):
- Settlement Amount Specified: KRW 35.3B (Paid to Hanwha Corporation)
- Total Transaction Amount: KRW 223.4B (Acquisition price KRW 188.1B + Settlement KRW 35.3B)
- Ratio to Consolidated Total Assets: (Before) 1.3% → (After) 1.6%
2. Key Business Acquisition Details Summary
- 1) Wind Power Business Acquisition:
- Target Assets: Assets, liabilities, contracts, permits, etc. related to wind power business
- Acquisition Price: KRW 188.1B
- Settlement Amount: KRW 35.3B (Paid to Hanwha Corporation)
- Total Transaction Value: KRW 223.4B (1.6% of total assets)
- Transferor: Hanwha Corporation
- Expected Acquisition Date: December 1, 2024
- 2) Plant Business Acquisition:
- Target Assets: Assets, liabilities, contracts, permits, etc. related to plant business
- Acquisition Price: KRW 214.4B
- Settlement Amount: KRW 6.3B (Received from Hanwha Corporation)
- Total Transaction Value: KRW 208.1B (1.5% of total assets)
- Transferor: Hanwha Corporation
- Expected Acquisition Date: July 1, 2024
3. Other Key Reference Information
- Shareholder approval not required under Article 374 of the Commercial Act
- Consolidated Total Assets at Recent Year-End: KRW 13.94T (As of year-end 2023)
- Contracts under Hanwha Corporation’s previous sales/supply disclosure (dated Feb 19, 2024) transferred to Hanwha Ocean
- Separate agreement executed on July 1, 2024 regarding potential liquidated damages for plant construction contracts (capped at 10% of total contract amount)
- Letter of commitment submitted and settlement/indemnification agreement executed on November 21, 2024 regarding wind power projects (Sinan-Uui and Yangyang-Suri)
- Related Disclosures: Voluntary disclosures dated Apr 3, Jul 1, Aug 28, Sep 12, Sep 27, Nov 21, and Dec 31, 2024
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Finalized Business Acquisition Settlement and Subsequent Commitments
This corrected disclosure confirms the finalized settlement amount of KRW 35.3B for the wind power business acquisition from Hanwha Corporation, updating the total transaction value to KRW 223.4B. As the settlement amount is finalized, tracking whether any liquidated damages arise from plant construction contracts or whether post-settlement/indemnification payments occur regarding wind power commitments is important for monitoring the execution of related agreements. Relevant details can be reviewed in upcoming Quarterly Reports, Half-Year Reports, Annual Reports, or subsequent disclosures.
📢 Disclaimer & Source Information
Source: This content was structured and newly written based on officially submitted data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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