Fact Source: Financial Supervisory Service DART / 2025-04-30
Disclosure Type: Decision on Paid-in Capital Increase (Amended)
💡 3-Second Summary
Hanwha Aerospace has amended its paid-in capital increase disclosure to finalize administrative timelines and reflect third-party subscription payments. The outstanding shares prior to the issuance have been revised to 47,296,201, lowering the allocation ratio per existing share to 0.0723536478, while the shareholder subscription period (July 1–2) and expected listing date (July 21) have been finalized.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Subject and Date of Amendment: The disclosure initially submitted on March 20, 2025, has been formally amended as of 2025-04-30.
- Change in Shares Prior to Issuance: Revised from 45,581,161 shares to 47,296,201 shares due to the completion of third-party allotted paid-in capital payments.
- Adjustment of Allocation Ratio: The number of new shares allocated per existing common share has been adjusted from 0.0750828939 to 0.0723536478.
- Issuance Price & Pricing Date: The expected issuance price per share is set at KRW 539,000, with the final pricing date finalized for 2025-06-26.
- Finalized Timeline Parameters:
- Record Date for Allocation: 2025-05-23
- Listing Period of Subscription Rights: 2025-06-16 to 2025-06-20 (5 business days)
- Subscription Period: Employee Stock Ownership (2025-07-01), Existing Shareholders (2025-07-01 to 2025-07-02), General Public Offering (2025-07-04 and 2025-07-07)
- Payment Date: 2025-07-09
- Expected Listing Date of New Shares: 2025-07-21
- Short-Selling Restriction Period: The end date of the short-selling ban has been finalized as 2025-06-26 (commencing on 2025-03-21).
- Capital Purpose Breakdowns: Allocated as KRW 700,020,800,000 for facility capital and KRW 1,600,000,000,000 for purchasing other corporation securities.
- Administrative Amendment: The expected submission date for the registration statement and preliminary prospectus to reference additional details is amended to 2025-04-30.
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing details the administrative and mathematical updates applied to Hanwha Aerospace’s paid-in capital increase framework, removing the ‘undetermined’ markers from subsequent milestones and synchronizing share metrics with recent capital injections. Key tracking dates—such as the allocation record date of May 23, the July subscription window, and the July 21 listing date—have been firmly anchored to specific calendar entries.
In terms of quantitative variables, the primary structural shift is the expansion of pre-issuance outstanding shares to approximately 47.3 million, which mechanically dilutes the allocation ratio per share to 0.0723536478. As stated in the critical considerations section of the filing, this recalculation follows the finalized payment of a separate KRW 1.3 trillion third-party allotment by Hanwha Energy and others completed on April 28, 2025. Investors should track the finalized pricing parameters scheduled for execution on the finalized June 26 base date against the current expected price of KRW 539,000.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace’s latest amended disclosure officially establishes the exact chronological milestones for its capital raise while updating core share volumes and allocation ratios to account for the third-party payment integration. The total volume of new issuance remains fixed at 4,267,200 common shares.
The primary objective checkpoint for investors going forward is monitoring compliance with the finalized schedule and tracking subsequent pricing timelines. With the allocation record date locked at May 23, 2025, and old shareholder subscription fixed for July 1–2, the current expected price of KRW 539,000 remains subject to final evaluation under legal comparative formulas on the finalized pricing date of June 26, making this specific schedule essential to verify.
Additionally, as noted under the technical footnotes, the overall allocation blueprint is designated at KRW 2.3 trillion, and the pre-issuance parameters have been re-calibrated following the completion of the KRW 1.3 trillion capital injection on April 28. Consequently, investors should cross-reference whether upcoming regulatory documents, such as the registration statement scheduled for submission on April 30, 2025, align seamlessly with the updated metrics officially disclosed in this filing.
📢 Disclaimer and Source Information
Source: This content was structured and newly written based on the official data submitted to the Electronic Disclosure System (DART) of the Financial Supervisory Service.
Investment Risk Notice: This information 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 stocks. All investment decisions and financial responsibilities rest entirely with the investor.
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