Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean’s 100%-owned subsidiary, Hanwha Ocean USA Holdings Corp., amended its use of raised funds by reducing operating capital to KRW 134.58M and increasing funds allocated for acquiring securities of other corporations to KRW 181.68B.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: (Correction) Decision on Paid-in Capital Increase (Major Management Matters of Subsidiary)
- Reporting Entity: Subsidiary Hanwha Ocean USA Holdings Corp.
- Reason for Correction: Change in the purpose of fund raising
[Details of Fund Raising Purpose Revision]
- Operating Capital:
- Before Correction: KRW 4,306,560,000 (KRW 4.31B)
- After Correction: KRW 134,580,000 (KRW 134.58M)
- Funds for Securities Acquisition of Other Corporations:
- Before Correction: KRW 177,511,020,000 (KRW 177.51B)
- After Correction: KRW 181,683,000,000 (KRW 181.68B)
[Details of Paid-in Capital Increase]
- Type and Number of New Shares: Common Stock 1,351 shares
- Par Value per Share: KRW 1,346 (USD 1)
- Total Shares Issued Prior to Increase: Common Stock 1 share
- Method of Capital Increase: Rights Issue (Allocation to Existing Shareholders)
- Issue Price per New Share (Confirmed): Common Stock KRW 134,580,000 per share
- New Shares Allocated per Share: 1,351 shares
- Payment Date: 2024-12-31
- Board Resolution Date: 2024-03-27 (Approval date by the U.S. Board of Directors)
[Other Key Information]
- This transaction is a decision on a paid-in capital increase to secure operating funds and investment capital for Hanwha Ocean USA Holdings Corp., a 100%-owned subsidiary of Hanwha Ocean.
- Figures such as par value, fund allocation purposes, and issue price were converted based on the FX rate on March 28, 2024 (USD 1 = KRW 1,345.80) and are subject to change based on the exchange rate at the actual time of capital injection.
- The payment date (December 31, 2024) is the scheduled final completion date, and capital contributions will proceed in installments according to business progress.
- Total asset entries for the subsidiary (Hanwha Ocean USA Holdings Corp.) were omitted as it was established in 2023.
- Controlling company (Hanwha Ocean) consolidated total assets stand at KRW 12.24T (KRW 12,235,700,000,000, based on FY2022 consolidated financial statements).
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Completion of Rights Issue Payment Following Revision of Fund Raising Purposes
This disclosure correction reflects the adjustment in the use of funds raised by Hanwha Ocean’s U.S. subsidiary, increasing the allocation for acquiring securities in other corporations while scaling down operating capital. Verifying whether the rights issue payments are successfully completed in accordance with the revised funding plan by the final scheduled payment date of December 31, 2024, is important for determining whether the capital increase transaction has been finalized as planned. Progress can be monitored through subsequent regulatory filings or regular periodic reports (Quarterly, Half-Yearly, or Annual Reports).
📢 Disclaimer & Source Information
Source: This content was structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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