Source Facts: Financial Supervisory Service Electronic Disclosure System (DART) / 2025-11-24
Disclosure Type: Decision on Paid-in Capital Increase (Major Management Matters of a Subsidiary)
💡 3-Second Summary
Hanwha Ocean USA Holdings Corp., a subsidiary 100%-owned by Hanwha Ocean Co., Ltd., has decided to conduct a paid-in capital increase of approximately KRW 502B to secure resources for acquiring stakes in other corporations, with a payment deadline set for December 31, 2026.
📊 1. [Summary of Core Disclosure Content and Major Figures]
Subsidiary Profile (Based on End of 2024):
- Subsidiary Name: Hanwha Ocean USA Holdings Corp. (Representative: Yeon-sung Jang / Core Business: Maritime service)
- Major Subsidiary Status: Non-applicable
- Total Assets of the Subsidiary: KRW 473,388,886,334
- Total Consolidated Assets of the Controlling Company: KRW 43,336,873,685,473 (Ratio: 1.09%)
Key Details of Capital Increase (Final Confirmed Figures):
- Type and Number of New Shares: 3,410 common shares
- Face Value per Share: KRW 1,472
- Total Number of Issued Shares Prior to Capital Increase: 5,065 common shares
- Purpose of Fund Utilization: Funds for acquisition of other corporation’s securities: KRW 502,000,000,000
- Method of Capital Increase: Shareholder allotment
- Issuance Price of New Shares: Confirmed issuance price: KRW 502,000,000,000 for common shares
- Calculation Method for Issuance Price: Determined by the board of directors within the limit of authorized shares (10,000 shares), considering potential additional investments in the future
- Number of New Shares Allotted Per Share: 0.6732478 shares
- Payment Date: December 31, 2026 (Scheduled for fractional increases based on project progress)
- Board Resolution Date (Decision Date): November 21, 2025
Other Important Matters for Investment Judgment:
- This transaction represents a paid-in capital increase designed to secure investment resources for Hanwha Ocean USA Holdings Corp., a subsidiary in which Hanwha Ocean Co., Ltd. holds a 100% equity stake.
- The face value per share, purpose of fund utilization, and issuance price of new shares were converted into KRW applying the trading standard rate of 1,472.00 KRW/USD as of November 24, 2025, rounded to the nearest KRW 100 million. The monetary figures remain subject to variation based on exchange rates at the actual points of capital movement.
📈 2. [Expert View: What This Disclosure Means for Investors]
This regulatory filing logs a capital expansion and procurement framework within a subsidiary controlled by Hanwha Ocean Co., Ltd. The transaction aims to raise approximately KRW 502B, specifically earmarked for acquiring equity stakes in external corporations. The allotment process follows a shareholder-based model, with a staggered payment window running through December 31, 2026.
Investors should monitor the intended utilization of these funds and the procedural implementation. As of the end of 2024, the total assets of Hanwha Ocean USA Holdings Corp. were KRW 473,388,886,334, which represents 1.09% of the total consolidated assets of the controlling company (Hanwha Aerospace). As the KRW conversion relies on the November 24, 2025, exchange rate (1,472.00 KRW/USD), investors must account for potential fluctuations in the final capital injection scale dependent on foreign exchange rates at the time of each staggered payment.
📝 Editor’s Comment (by K-STOCK Editor)
This announcement presents the structural parameters for Hanwha Ocean USA Holdings Corp.’s KRW 502B paid-in capital increase, aimed at securing funds for external equity acquisitions. The payment schedule is segmented through December 31, 2026.
The capital increase is structured via shareholder allotment, with all proceeds allocated to external security acquisitions. The KRW conversion is based on rounded figures, and the final value may fluctuate depending on actual exchange rates. As the capital expansion is phased through 2026, investors should track subsequent asset changes and specific acquisition progress through periodic regulatory filings.
📢 Disclaimer and Source Information
Source: This content has been structured and newly written based on the official data submitted to the Financial Supervisory Service Electronic Disclosure System (DART).
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