Fact Source: Financial Supervisory Service DART / 2025-01-08
Disclosure Type: (Amendment) Decision on Loan of Funds
💡 3-Second Summary
The end date of the loan of approximately KRW 636.3 billion provided by Hanwha Aerospace to its affiliate, Hanwha Ocean SG Holdings Pte. Ltd., has been amended from January 27, 2025, to January 8, 2025.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Borrower: Hanwha Ocean SG Holdings Pte. Ltd. (Affiliate)
- Loan Details & Amendments:
- Loan Amount & Total Outstanding Balance: KRW 636,251,066,184
- Ratio to Total Equity: 13.58% (Based on consolidated total equity of KRW 4,684,225,317,909 at the end of 2023)
- Interest Rate: 4.6% (Overdraft interest rate applied)
- Amendment to Loan Period:
- (Before Amendment) Start Date: 2024-09-11 ~ End Date: 2025-01-27
- (After Amendment) Start Date: 2024-09-11 ~ End Date: 2025-01-08
- Reason for Amendment: Amendment due to the termination of the loan of funds
- Purpose of Loan: Shareholder loan for project promotion of the affiliate (Specifically to fund the market tender offer required for the acquisition of shares in Singapore-based Dyna-Mac Holdings Ltd. pursued by the subsidiary Hanwha Ocean SG Holdings Pte. Ltd.)
- FX Translation Basis: Converted from SGD 617,413,772 into KRW applying the Seoul Money Brokerage broadcasting rate of 1SGD = 1,030.51 KRW as of September 11, 2024 (Rounded to the nearest KRW).
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing is an amendment report published by Hanwha Aerospace regarding its previously disclosed corporate loan to an affiliate. The primary adjustment is that the loan period’s expiration date, initially scheduled for January 27, 2025, has been moved forward to January 8, 2025. The officially cited driver for this change is the “termination of the loan of funds.”
This specific amendment represents an administrative correction concerning the formal timeline shift of the transaction. The original text does not specify any financial settlement details, recovery status of the KRW 636,251,066,184 principal, or subsequent bookkeeping adjustments arising from the loan’s conclusion. Investors should note that this update does not explain the exact legal mechanism through which the loan was closed, but rather confirms that the loan period’s end date was finalized as January 8, 2025.
📝 Editor’s Comment (by K-STOCK Editor)
This disclosure concerns an update indicating that the loan period for KRW 636,251,066,184 provided by Hanwha Aerospace to its affiliate, Hanwha Ocean SG Holdings Pte. Ltd., has been altered. The verified facts presented in the report establish that the formal loan duration ended on January 8, 2025, rather than the originally planned January 27, and that the applied interest rate was 4.6%.
The primary variable and checkpoint for investors to track going forward is the verified fact that the loan period’s expiration date has been amended to January 8, 2025. This regulatory filing simply registers an administrative update regarding the adjusted timeframe and does not outline how the loan transaction was finalized or whether the funds were repaid. Therefore, investors should avoid inferring unstated details regarding recovery or financial positions and evaluate the disclosure solely based on the verified fact of the timeline amendment.
📢 Disclaimer and Source Information
Source: This content has been newly structured and written based on official data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART).
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