Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace files a corrected report to extend the expected acquisition completion date (from June 28, 2024 to December 31, 2024) regarding its paid-in capital increase participation in its U.S. affiliate, Hanwha Futureproof Corp.
📊 Key Disclosure Contents & Financial Figures
- Disclosure Title: Decision on Acquisition of Shares and Investment Certificates of Other Corporations (Correction)
- Correction Date: May 22, 2024
- Target Document: Decision on Acquisition of Shares and Investment Certificates of Other Corporations (Initial Filing Date: May 24, 2023)
- Reason for Correction: Correction of expected acquisition date due to changes in funding schedule
- Corrected Item:
- Expected Acquisition Date (Before Correction): 2024-06-28
- Expected Acquisition Date (After Correction): 2024-12-31
- Target Company (Issuer):
- Company Name: Hanwha Futureproof Corp. (U.S., Affiliate)
- Representative: Tae-Won Jeon
- Capital Stock: KRW 498,332 (As of May 24, 2023)
- Total Outstanding Shares: 380 shares (As of May 24, 2023)
- Main Business: Strategic asset investment and equity acquisition
- Acquisition Details:
- Number of Shares Acquired: 50,000 shares
- Acquisition Amount: KRW 655,700,000,000 (USD 500,000,000, approx. KRW 655.70B)
- Ratio to Equity: 16.71% (Based on consolidated equity of KRW 3,923,783,553,861 as of end of 2022)
- Ratio to Total Assets: 4.33% (Based on consolidated total assets of KRW 15,157,301,978,809 as of end of 2022)
- Large Corporation Status: Yes
- Equity Stake After Acquisition:
- Total Shares Owned: 50,190 shares
- Ownership Percentage: 50%
- Purpose and Method of Acquisition:
- Purpose: Participation in U.S. prime assets and company investments through rights offering
- Method: Cash acquisition
- Other Important Matters:
- Applied Exchange Rate: Seoul Money Brokerage basic rate on May 24, 2023 (1,311.40 KRW/USD)
- The acquisition amount is subject to change based on exchange rates at the time of capital injection.
- The expected acquisition date (2024-12-31) is the target completion date, with investments to be made in installments.
- The issuer was newly incorporated on March 15, 2023, and has no prior financial information.
- The raised capital will be used to acquire shares of Hanwha Futureproof LLC upon completion of local procedures.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Installment Funding Progress and Final Acquisition Completion
The company updated the expected completion date for its capital contribution to U.S. affiliate Hanwha Futureproof Corp. to December 31, 2024, with investments being made in installments. Monitoring whether the contributions proceed as scheduled and verifying any potential changes in the final acquisition amount due to exchange rate fluctuations are important to understand the execution progress of the transaction. Detailed progress can be verified in subsequent correction disclosures and periodic reports.
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Source: This content was newly generated and structured based on official data submitted to the Financial Supervisory Service DART.
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