Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace has disclosed a correction confirming that its subsidiary, Hanwha Ocean SG Holdings Pte. Ltd., completed the squeeze-out procedure for Singapore-based Dyna-Mac Holdings Ltd., finalizing a 100% equity stake acquisition (1,249,194,269 shares for approx. KRW 862.5B).
📊 [Key Disclosure Contents & Major Financial Figures]
1. Correction Overview and Reason
- Target Document: Decision on Acquisition of Shares in Other Corporation (Originally filed on September 11, 2024)
- Reason for Revision: Correction upon transaction closing (completion of compulsory acquisition for remaining shares)
2. Key Revised Items (Before Revision → After Revision)
- Number of Shares Acquired: 1,188,655,282 shares → 1,249,194,269 shares
- Acquisition Amount: KRW 820,697,174,710 → KRW 862,495,814,482 (Approx. KRW 862.50B, converted at 1,030.51 KRW/SGD as of Sept 11, 2024)
- Ratio to Total Assets: 88,488,782% → 92,995,573%
- Post-Acquisition Shareholding & Stake: 1,188,655,282 shares (95.15%) → 1,249,194,269 shares (100.00%)
- Target Completion Date: November 26, 2024 → January 08, 2025 (Based on share transfer completion date)
3. Key Terms of Acquisition (Maintained)
- Target Company (Issuer): Dyna-Mac Holdings Ltd. (CEO: LIM AH CHENG, Singapore, Offshore Structure Fabrication)
- Acquisition Entity (Subsidiary): Hanwha Ocean SG Holdings Pte. Ltd. (CEO: Yong-In Shin, Singapore, Investment)
- Method of Acquisition: Tender offer followed by statutory compulsory acquisition (squeeze-out)
- Purpose of Acquisition: Securing future growth drivers and creating strategic business synergies
- Board Resolution Date: September 11, 2024 (Subsidiary board level)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Transaction Closing and Financial Statement Consolidation
This disclosure confirms the finalization of the 100% stake acquisition of Singapore-based Dyna-Mac Holdings Ltd. via tender offer and compulsory squeeze-out. Tracking the full consolidation of the acquired entity’s financial results into upcoming consolidated financial statements is important for assessing the completed acquisition. Detailed updates can be verified in future 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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