Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace significantly shortened the maturity date for its loan of approximately KRW 636.2B to its Singapore subsidiary (Hanwha Ocean SG Holdings) from June 10, 2025, to November 26, 2024.
📊 [Key Disclosure Details & Summary of Figures]
- Company Name: Hanwha Aerospace Co., Ltd.
- Ticker Symbol: 012450
- Disclosure Type: Decision on Loan to Others (Corrected Disclosure)
- Disclosure Date: 2024-11-21 (Original Disclosure Date: 2024-09-11)
- Borrower: Hanwha Ocean SG Holdings Pte. Ltd. (Affiliated Company)
Key Corrections (Before Correction → After Correction):
- Loan Maturity Date: 2025-06-10 → 2024-11-26 (Loan Commencement Date: 2024-09-11)
- Other Amendments: Deleted text regarding “scheduled installment lending according to the tender offer progress.”
Key Terms of Loan:
- Loan Amount: KRW 636.25B (KRW 636,251,066,184 / SGD 617,413,772, Exchange Rate: KRW 1,030.51/SGD)
- Ratio to Equity: 13.58% (Total Equity: KRW 4,684,225,317,909 as of end of 2023)
- Interest Rate: 4.6% per annum
- Purpose of Loan: Shareholder loan for subsidiary’s business promotion (Tender offer funds to acquire shares of Dyna-Mac Holdings Ltd.)
- Total Outstanding Loan Balance: KRW 636.25B (KRW 636,251,066,184)
- Board Resolution Date: 2024-09-11 (4 Outside Directors present)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Shortened Loan Maturity and Debt-to-Equity Swap Settlement Schedule
This corrected disclosure reflects the advancement of the loan maturity date to November 26, 2024, aligning with the schedule for participating in the subsidiary’s capital increase (debt-to-equity swap) disclosed on the same date. Verifying whether the loan is successfully converted into equity and settled as planned on the revised maturity date is important for understanding the company’s financial accounting. Detailed progress can be verified in the “Loans to Affiliates” and “Status of Investment in Other Corporations” notes to financial statements in upcoming Periodic Reports (Quarterly, Half-Yearly, or Annual Business Reports) or subsequent disclosures.
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