Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace updated its disclosure to increase its loan amount to its Singapore subsidiary (Hanwha Ocean SG Holdings) from approximately KRW 569.9B to KRW 636.3B to support the tender offer for Dyna-Mac.
📊 [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: 2024-10-14 (Original Disclosure Date: 2024-09-11)
- Borrower: Hanwha Ocean SG Holdings Pte. Ltd. (Affiliated Company)
Key Corrections (Before Correction → After Correction):
- Loan Amount: KRW 569.91B (KRW 569,909,514,801) → KRW 636.25B (KRW 636,251,066,184 / SGD 553,036,375 → SGD 617,413,772, Exchange Rate: KRW 1,030.51/SGD)
- Ratio to Equity: 12.17% → 13.58%
- Total Outstanding Loan Balance: KRW 569.91B → KRW 636.25B (KRW 636,251,066,184)
- Amendments in Remarks: Previously disclosed wording regarding installment lending was removed.
Key Terms of Loan:
- Interest Rate: 4.6% per annum
- Loan Period: 2024-09-11 ~ 2025-06-10
- Purpose of Loan: Shareholder loan for subsidiary’s business promotion (Tender offer funds to acquire shares of Dyna-Mac Holdings Ltd.)
- Board Resolution Date: 2024-09-11 (4 Outside Directors present)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Loan Disbursement Progress and Subsidiary Tender Offer Status
This corrected disclosure reflects an increase in the loan amount to approximately KRW 636.3B, driven by adjusted tender offer terms for Dyna-Mac Holdings by its Singapore subsidiary. Verifying whether the loan funds are disbursed as scheduled over the loan period (September 11, 2024, to June 10, 2025) and tracking subsequent debt-to-equity swaps or repayments is essential for assessing financial asset management and subsidiary governance. Detailed progress can be verified in the “Loans to Affiliates” notes to financial statements in upcoming Periodic Reports (Quarterly, Half-Yearly, or Annual Business Reports) or subsequent disclosures.
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