Source Fact: Financial Supervisory Service DART / 2024-07-26
Disclosure Type: Decision on Acquisition of Shares and Equity Securities of Other Corporations (Corrected Report)
💡 3-Second Summary
Hanwha Aerospace completed its share payment and closed the transaction to acquire 17,536,368 common shares (6.80% stake) of U.S.-based NextDecade Corporation on July 26, 2024, issuing a corrected disclosure to update the closing date and finalized ownership stake.
📊 1. [Key Disclosure Content & Key Figures Summary]
- Disclosing Parent Corporation: Hanwha Aerospace (Stock Code: 012450)
- Issuing Company (Target Entity Acquired): NextDecade Corporation (Nationality: U.S., Representative: Matthew K. Schatzman, Core Business: Natural gas liquefaction, LNG sales, carbon capture and storage)
- Reason for Correction: Adjustments following transaction closing
- Original Filing & Submission Date: Decision on Acquisition of Shares and Equity Securities of Other Corporations (June 14, 2024)
- Acquisition & Ownership Details (Post-Correction):
- Shares Acquired: 17,536,368 shares
- Acquisition Amount: KRW 180,317,703,960 (approx. KRW 180.3B)
- Investment Ratio to Equity: 3.85% (Total Equity: KRW 4,684,225,317,909 based on 2023 consolidated statements)
- Investment Ratio to Total Assets: 0.92% (Total Assets: KRW 19,542,899,925,708 based on 2023 consolidated statements)
- Post-Acquisition Shares & Stake: 17,536,368 shares, 6.80% stake (Before correction: 6.83%)
- Target’s Total Outstanding Shares: 257,994,156 shares (Before correction: 256,708,470 shares)
- Key Schedule:
- Expected Acquisition Date (Payment Date): July 26, 2024 (Before correction: July 31, 2024)
- Board Resolution Date: June 14, 2024
- Method & Purpose: Cash Acquisition / Securing strategic business synergies through expanding financial investments
- Applied Exchange Rate: 1,371.00 KRW/USD (Seoul Money Brokerage reference rate as of June 14, 2024)
- Target Company (NextDecade) 2023 Separate Financial Summary:
- Total Assets: KRW 4,556,931,171,000 (approx. KRW 4.556T)
- Total Liabilities: KRW 3,541,796,157,000 (approx. KRW 3.541T)
- Total Equity: KRW 1,015,135,014,000 (approx. KRW 1.015T)
- Net Income: -KRW 250,543,395,000 (Net loss of approx. KRW 250.5B)
📈 2. [Expert Insight: What This Disclosure Means for Investors]
This corrected filing officially confirms the completion and financial settlement of Hanwha Aerospace’s acquisition of shares in U.S.-listed NextDecade Corporation, initially resolved on June 14, 2024.
Following an increase in NextDecade’s total outstanding shares (from 256,708,470 to 257,994,156 shares), Hanwha Aerospace’s finalized ownership stake was adjusted from the previously stated 6.83% to 6.80%. With the cash payment of approximately KRW 180.3 billion completed on July 26, 2024, execution uncertainties regarding transaction closing have been resolved, and finalized ownership metrics are formally established.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace has officially closed its equity investment in U.S. LNG firm NextDecade Corporation as of July 26, 2024, completing the share payment process.
From an analytical standpoint, key items to note are the finalized transaction value of approximately KRW 180.3B and the confirmed post-closing stake of 6.80%. Going forward, market participants can verify how this financial investment is accounted for in subsequent financial reports and quarterly disclosures.
📢 Disclaimer & Source Notice
Source: This content was newly structured and created based on official data submitted to the Financial Supervisory Service’s DART system.
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