Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Following Hanwha Aerospace’s rights offering decision, reference prices and contract multipliers for its stock futures and options will be adjusted, and certain futures spread contracts with differing multipliers will be delisted.
📊 [Key Disclosure Contents & Major Figures Summary]
- Target Company: Hanwha Aerospace (012450)
- Reason for Action: Hanwha Aerospace’s (Corrected) Rights Offering Decision (2025-05-21)
- Effective Date: May 22, 2025
1. Reference Price Adjustment
- Target Contracts: All stock futures and options listed as of May 21, 2025
- Adjusted Reference Prices (Futures):
- June 2025 Contract: KRW 832,000
- July 2025 Contract: KRW 828,000
- August 2025 Contract: KRW 841,000
- September 2025 Contract: KRW 843,000
- December 2025 Contract: KRW 848,000
- March 2026 Contract: KRW 849,000
- Adjusted Reference Prices (Options): Refer to attached document
2. Contract Multiplier & Open Interest Adjustment
- Futures Multiplier Adjustment Targets: June 2025 and July 2025 contracts (all contracts with open interest as of market close on May 21, 2025)
- Options Multiplier Adjustment Targets: All contracts listed as of May 21, 2025
- Adjusted Contract Multiplier: 10.16427328 (applicable to both futures and options)
- Open Interest Adjustment: None (-)
3. Delisting of Stock Futures Spread Contracts
- Delisting Targets:
- June 2025 – August 2025 Spread
- June 2025 – September 2025 Spread
- June 2025 – December 2025 Spread
- June 2025 – March 2026 Spread
- Reason: Delisting spread contracts where the nearest-month and distant-month contracts have different contract multipliers
4. Exercise Price Adjustment & Special Setting
- Target & Adjusted Exercise Prices: All options listed as of May 21, 2025 (Refer to attached document)
- Special Setting of Exercise Prices (New Listing): As multipliers are adjusted, new exercise prices with a standard contract multiplier of 10 per contract are introduced (at least 9 series for 1st-3rd nearest months, at least 3 series for 4th-6th months)
5. Other Items
- Order Limit Quantity / Last Trading Day / Trading Suspension: No changes (-)
- Regulatory Basis: Derivatives Market Business Regulations Articles 25, 30, 35, 62, 70 and Enforcement Rules Articles 9, 15, 16, 18, 46, 55, 57
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Derivatives Account Balances Following Contract Adjustments
This measure reflects the adjustment in the value of the underlying asset caused by the rights offering announcement into derivative contract pricing and terms. Because reference prices and contract multipliers change to account for equity dilution, existing derivative investors must verify how their evaluation values and position balances are updated following the adjustment. Detailed adjustments and exact numerical parameters can be checked through official derivatives market disclosures or account statements from securities brokerages.
📢 Risk Disclaimer & Source Notice
Source: This content was structured and generated based on official disclosure data from the Financial Supervisory Service DART system.
Investment Risk Warning: This material is provided solely for informational and educational purposes. Under no circumstances does it constitute financial advice, investment recommendations, or solicitation to buy or sell securities. All investment decisions and financial liabilities remain entirely with the investor.
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