Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean decided to acquire the wind power (KRW 188.1B) and plant (KRW 214.4B) business units from Hanwha Corporation for a total of KRW 402.5B to enhance business competitiveness.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Other Major Management Matters (Voluntary Disclosure)
- Title: Decision on Business Acquisition
- Purpose of Acquisition: Enhancing business competitiveness through the acquisition of wind power and plant business operations
- Transferor: Hanwha Corporation
- Expected Acquisition Date: July 1, 2024 (Scheduled closing date)
- Board/Decision Date: 2024-04-03 (Board resolution date)
[Details of Business Acquisition]
- Wind Power Business Acquisition:
- Target Assets: Assets, liabilities, contracts, and permits/licenses related to the wind power business
- Acquisition Price: KRW 188,100,000,000 (KRW 188.1B)
- Ratio to Recent Consolidated Total Assets: 1.35% (approx. 1.3%)
- Plant Business Acquisition:
- Target Assets: Assets, liabilities, contracts, and permits/licenses related to the plant business
- Acquisition Price: KRW 214,400,000,000 (KRW 214.4B)
- Ratio to Recent Consolidated Total Assets: 1.54% (approx. 1.5%)
[Other Key Information]
- Total consolidated assets at the end of the recent fiscal year stand at KRW 13.94T (KRW 13,944,800,000,000, as of year-end FY2023).
- This transaction does not fall under Article 374 of the Commercial Code and thus does not require shareholder approval; the purchase price was evaluated by an external appraisal agency and negotiated.
- Post-closing adjustments will be conducted based on net assets within 2 months of the closing date, which may alter the final acquisition price.
- Following the wind power business acquisition, the sales/supply contract previously disclosed by Hanwha Corporation on February 19, 2024, will be transferred to Hanwha Ocean.
- Schedules and details are subject to change depending on regulatory reviews, approvals, and agreements between parties.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Final Transaction Closing and Post-Closing Price Settlement
This disclosure outlines the decision to acquire the wind power and plant business units from Hanwha Corporation to reorganize the company’s business structure. Verifying whether the transaction closes successfully by the scheduled target date of July 1, 2024, and checking the finalized acquisition price following the net-asset settlement process within two months post-closing is important for determining whether the acquisition has been properly completed. 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).
Investment Risk Warning: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial liabilities rest entirely with the individual investor.
Inquiries: For compliance or copyright inquiries, please contact ksb220805@gmail.com.
