Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a corrected disclosure extending the maturity date of its loan of approximately KRW 234.2B to its Singaporean affiliate (Hanwha Ocean SG Holdings Pte. Ltd.) from November 26, 2024, to January 27, 2025.
📊 [Key Disclosure Details & Financial Highlights]
- Correction Classification: Corrected Filing (Report)
- Correction Filing Date: November 25, 2024 (Disclosure Reception Date: November 26, 2024)
- Original Disclosure Document & Date: Decision on Loan to Related Party (November 21, 2024)
- Reason for Correction: Change in loan period
- Major Corrected Items:
- Loan Period End Date (Before Correction): November 26, 2024
- Loan Period End Date (After Correction): January 27, 2025
- Borrower Information:
- Borrower: Hanwha Ocean SG Holdings Pte. Ltd. (Relationship: Affiliated Company)
- Borrower Financials: Newly incorporated in 2024; financial statements omitted
- Loan Details:
- Transaction & Board Resolution Date: September 11, 2024 (4 Outside Directors attended, 1 absent)
- Loan Amount: KRW 234,209,384,901 (approx. KRW 234.2B / SGD 227,275,218, applying exchange rate of KRW 1,030.51/SGD as of Sep 11, 2024)
- Total Equity: KRW 4,312,157,120,697 (approx. KRW 4.31T, as of FY2023 consolidated financials)
- Loan Amount to Total Equity Ratio: 5.4%
- Interest Rate: 4.6% (Overdraft interest rate per Corporate Income Tax Act regulations)
- Loan Period: September 11, 2024 – January 27, 2025
- Purpose of Loan: Shareholder loan for affiliate project execution (funding the tender offer to acquire shares of Dyna-Mac Holdings Ltd. in Singapore)
- Total Remaining Loan Balance: KRW 234,209,384,901 (including this transaction)
- Other Important Notes:
- Execution authority delegated to the Chief Executive Officer
- Terms remain subject to potential changes depending on project progress
- Related Disclosures: September 11, 2024; October 14, 2024; November 21, 2024 (Decision on Loan to Related Party)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Revised Loan Period and Subsequent Filings
This correction disclosure notifies the market that the maturity date for the shareholder loan provided to support the tender offer for Dyna-Mac Holdings Ltd. in Singapore was changed to January 27, 2025. Verifying the adjusted loan terms and tracking whether any subsequent correction filings regarding further extensions or term modifications are submitted is essential for following the transaction progress. Related details can be verified in future correction filings and upcoming official regular filings, including Quarterly, Half-Yearly, and Annual Reports.
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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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