Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace decided to acquire 17,536,368 common shares (6.83% stake) of U.S.-based NextDecade Corporation for approximately KRW 180.32B to generate strategic business synergies.
📊 Key Disclosure Contents & Financial Figures
- Disclosure Title: Decision on Acquisition of Shares and Investment Certificates of Other Corporations
- Target Company (Issuer):
- Company Name: NextDecade Corporation (U.S.)
- Representative: Matthew K. Schatzman
- Capital Stock: KRW 35,166,150 (Converted from USD)
- Total Outstanding Shares: 256,708,470 shares
- Main Business: Natural gas liquefaction, LNG sales, and carbon capture and storage (CCS) related business
- Acquisition Details:
- Number of Shares Acquired: 17,536,368 shares (Based on maximum tradable shares)
- Acquisition Amount: KRW 180,317,703,960 (approx. KRW 180.32B)
- Ratio to Equity: 3.85% (Based on consolidated equity of KRW 4,684,225,317,909 as of end of 2023)
- Ratio to Total Assets: 0.92% (Based on consolidated total assets of KRW 19,542,899,925,708 as of end of 2023)
- Large Corporation Status: Yes
- Equity Stake After Acquisition:
- Total Shares Owned: 17,536,368 shares
- Ownership Percentage: 6.83%
- Purpose and Method of Acquisition:
- Purpose: Creating strategic business synergy through expansion of financial investment
- Method: Cash acquisition (Entering into a Stock Purchase Agreement with existing shareholders)
- Key Timeline and Board Decision:
- Expected Date of Acquisition: 2024-07-31 (Based on closing date in the Stock Purchase Agreement)
- Board Decision Date: 2024-06-14 (4 outside directors attended)
- Other Important Matters:
- Applied Exchange Rate: Seoul Money Brokerage basic rate on June 14, 2024 (1,371.00 KRW/USD)
- Final Price Determination: Final acquisition amount will be calculated using the volume-weighted average price (VWAP) over an agreed period and re-disclosed.
- Preconditions: Closing is subject to preconditions including the U.S. regulatory HSR filing process (transaction closing date may vary depending on progress).
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of U.S. Regulatory Process and Final Acquisition Terms Re-disclosure
The company decided to acquire a 6.83% stake in NextDecade, but the final acquisition amount will be determined based on volume-weighted average price calculations. Monitoring whether preconditions, such as the U.S. regulatory HSR filing process, are fulfilled to confirm whether the transaction is completed under the disclosed terms, along with the final confirmed number of shares and amount, is important to understand transaction completion. Detailed progress can be verified in subsequent re-disclosures and periodic reports.
📢 Disclaimer & Source Notice
Source: This content was newly generated and structured based on official data submitted to the Financial Supervisory Service DART.
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