Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses Hanwha Ocean’s decision to dispose of its entire 241.4M share stake in Singaporean offshore structure manufacturer Dyna-Mac to its affiliate SG Holdings for approximately KRW 149.3B.
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Decision on Disposal of Other Corporation Shares and Investment Securities
- Board Resolution Date: September 11, 2024 (4 Outside Directors present, 1 absent)
[Detailed Terms of Share Disposal]
- Target Company: Dyna-Mac Holdings Ltd. (Nationality: Singapore / Representative: LIM AH CHENG / Core Business: Offshore structure manufacturing / Relationship: None)
- Capital Stock: KRW 151,567,410,800 (As of FY2023-end, exchange rate SGD 1 = KRW 1,030.51)
- Total Shares Issued: 1,115,364,667 shares
- Disposal Details:
- Number of Shares to Dispose: 241,429,700 shares
- Disposal Amount: KRW 149,277,432,088 (Applied exchange rate SGD 1 = KRW 1,030.51 as of September 11, 2024)
- Total Equity: KRW 4,312,157,120,697 (Based on FY2023 consolidated financial statements)
- Amount-to-Equity Ratio: 3.5%
- Post-Disposal Shares & Ownership Ratio: 0 shares (0.0%)
- Purpose of Disposal: Investment portfolio restructuring (Transferring total holding to affiliate Hanwha Ocean SG Holdings Pte. Ltd.)
- Expected Disposal Date: December 2, 2024 (Expected final tender offer closing date for SG Holdings)
[Other Material Notes]
- Transaction Condition: Transaction takes effect upon confirmation that SG Holdings holds 50% + 1 share or more of Dyna-Mac common stock.
- FX Volatility: The converted KRW amount may change depending on the actual exchange rate at the time of disposal.
[Target Company Summary Financials (FY2023 Consolidated, Exchange Rate SGD 1 = KRW 1,030.51)]
- Total Assets: KRW 355,655,068,850 / Total Liabilities: KRW 283,231,551,460 / Total Equity: KRW 72,433,517,390
- Revenue: KRW 396,922,567,210 / Net Income: KRW 29,566,362,410 / Audit Opinion: Unqualified (Ernst & Young LLP)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Transaction Completion Conditions and Closing Progress
This filing involves transferring a stake in Singapore’s Dyna-Mac to an affiliate (SG Holdings) as part of investment portfolio restructuring, making it essential to monitor whether closing conditions (SG Holdings securing a 50% + 1 share stake in Dyna-Mac) are fulfilled by the expected disposal date (December 2, 2024). Verification of these conditions is necessary to confirm the final completion of the share disposal and the settlement of transaction proceeds. Relevant progress and completion updates can be verified through future regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports) or subsequent official public disclosures.
📢 Disclaimer & Source Notice
Source: This content was newly structured based on official data submitted to the Financial Supervisory Service’s DART system.
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