Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace has disclosed that Hanwha Ocean’s wholly owned subsidiary, Hanwha Ocean USA Holdings Corp., decided on a rights offering of approximately KRW 153.2B (USD 100M) to existing shareholders to fund the acquisition of securities in another corporation.
📊 [Key Disclosure Contents & Major Financial Figures]
1. Subsidiary Overview
- Subsidiary Name: Hanwha Ocean USA Holdings Corp. (CEO: Yeon-Sung Jang)
- Primary Business: Maritime service (Unlisted overseas entity)
- Ownership: 100% owned by Hanwha Ocean Co., Ltd.
- Total Assets of Subsidiary: KRW 1,289 (As of year-end 2023)
- Ratio to Parent Company Consolidated Assets: 0.00% (Based on parent consolidated total assets of KRW 19.54T as of year-end 2023)
2. Key Terms & Financial Figures of Capital Increase
- Type and Number of New Shares: 1,063 Common Shares
- Par Value per Share: KRW 1,441.10 (Based on USD 1.00)
- Total Issued Shares Before Capital Increase: 4,002 Common Shares
- Use of Proceeds: Acquisition of Securities in Other Corporations: KRW 153.2B (KRW 153,200,000,000 / Approx. USD 100M)
- Method of Capital Increase: Rights offering to existing shareholders
- New Shares Allocated per Existing Share: 0.2656172 shares
- Payment Date: December 31, 2025 (Final scheduled completion date; capital will be injected in tranches according to project progress)
- Board Resolution Date: February 18, 2025 (Subsidiary board approval date)
3. Other Details
- Amounts were converted using the exchange rate of 1,441.10 KRW/USD as of February 18, 2025; KRW amounts are subject to change based on exchange rates at actual transaction times.
- The subsidiary is an unlisted foreign entity and is exempt from filing a Securities Registration Statement.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Tranche Payments and Securities Acquisition Progress
This filing details a rights offering conducted by Hanwha Ocean’s wholly owned subsidiary to secure funds for acquiring securities in another corporation. Tracking the installment payments leading up to the final payment date (December 31, 2025) and observing the execution of the target securities acquisition is important for confirming capital injection progress. Detailed status updates can be verified in upcoming periodic reports under ‘Investments in Other Corporations’ and ‘Information on Subsidiaries’.
📢 Disclaimer and Source Notice
Source: This content was newly generated and structured based on official data filed with the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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