Fact Source: Financial Supervisory Service DART
💡 Executive Summary
Hanwha Aerospace’s subsidiary, Hanwha Systems, finalized the disposition of 13,281,250 Hanwha Ocean shares for KRW 1.70T to secure liquidity, updating the terms of the related Price Return Swap (PRS) agreement.
📊 [Key Disclosure Details & Financial Metrics]
- Disclosure Title: (Correction) Decision on Disposition of Other Corporation’s Stocks and Investment Securities
- Subsidiary Name: Hanwha Systems Co., Ltd.
- Subsidiary Total Assets: KRW 5.72T (5,724,010,115,718)
- Ratio to Parent’s Consolidated Assets: 13.21%
- Target Company: Hanwha Ocean Co., Ltd.
- Core Business: Shipbuilding and construction of floating structures
- Total Outstanding Shares: 306,413,394 shares
- Corrections in Disposition Terms:
- Number of Shares Disposed: (Before) 13,923,011 shares → (After) 13,281,250 shares
- Total Disposition Amount: (Before) KRW 1,699,999,643,100 → (After) KRW 1,700,000,000,000 (KRW 1.70T)
- Post-Disposition Shares & Stake: (Before) 21,527,899 shares (7.03%) → (After) 22,169,660 shares (7.24%)
- Ratio of Disposition Amount to Subsidiary Assets: 29.70%
- Corrections in Price Return Swap (PRS) Agreement:
- Underlying Asset: 13,281,250 common shares of Hanwha Ocean
- Reference Price: KRW 128,000 (Based on April 3, 2026 closing price)
- Settlement Method: Settlement of difference between disposition reference price and settlement price upon buyer’s share sale
- Contract Period: 1 Year
- Purpose of Disposition: Securing liquidity and strategic investment funds
- Scheduled Disposition Date: April 6, 2026 (Based on transaction date)
- Board Resolution Date: March 6, 2026 (3 outside directors attended)
- Financial Summary of Target Company (Hanwha Ocean, 2024 Consolidated):
- Total Assets: KRW 17.84T (17,843,809 million)
- Total Liabilities: KRW 12.98T (12,980,459 million)
- Total Equity: KRW 4.86T (4,863,350 million)
- Revenue: KRW 10.78T (10,776,005 million)
- Net Profit: KRW 528.21B (528,213 million)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring execution of the stock disposition and terms under the PRS agreement
This corrective disclosure updates and confirms the final share count, disposition amount, and Price Return Swap (PRS) terms based on Hanwha Ocean’s closing share price on April 3, 2026. Verifying whether the stock disposition and PRS agreement proceed as scheduled following the expected transaction date (April 6, 2026) is essential to determining whether the asset disposition is completed as planned. Details regarding transaction execution can be verified in upcoming periodic reports (quarterly, half-yearly, or annual reports) and subsequent official disclosures from Hanwha Systems and Hanwha Aerospace.
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Source: This content was structured and newly synthesized based on official data submitted to the Financial Supervisory Service (DART).
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