Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace files a corrected report regarding its human-split (demerger) decision to update the person in charge of drafting the disclosure document, separating its defense business from its security and semiconductor equipment business (Hanwha Industrial Solutions).
📊 Key Disclosure Contents & Financial Figures
- Disclosure Title: Major Report (Decision on Corporate Split) (Correction)
- Initial Filing Date: April 5, 2024
- Correction Item: Change of Person in Charge (Jong-Woo Kwak -> Seok-Jun Hong)
- Split Method: Simple Demerger (Spin-off) under Articles 530-2 to 530-11 of the Commercial Code
- Company Profiles:
- Surviving Company: Hanwha Aerospace Co., Ltd. (Defense, aircraft gas turbine engines, self-propelled howitzers, space launch vehicles, etc.) / Relisting (Change Listing) planned
- Newly Established Company: Hanwha Industrial Solutions Co., Ltd. (tentative) (Management and investment in subsidiaries for security, chip mounters, semiconductor equipment) / Relisting planned
- Demerger Ratio:
- Surviving Company: 0.9002797
- Newly Established Company: 0.0997203
- Financial Details upon Demerger (As of Dec 31, 2023):
- Surviving Company: Total Assets KRW 13.85T, Total Liabilities KRW 11.02T, Total Equity KRW 2.83T, Capital Stock KRW 240.41B
- Newly Established Company: Total Assets KRW 313.81B, Total Liabilities KRW 42.41M, Total Equity KRW 313.77B, Capital Stock KRW 25.24B
- New Share Allocation & Stock Split Conditions:
- Allocation Ratio: 0.997203 shares of the new company allocated per 1 common share of the original company (Par value of new company shares set at KRW 500)
- Record Date for Share Allocation: August 30, 2024
- Key Timeline:
- Board Decision Date: April 5, 2024
- General Meeting of Shareholders Date: August 14, 2024
- Trading Suspension Period: August 29, 2024 ~ September 26, 2024
- Effective Date of Demerger: September 1, 2024
- Expected Listing Date of New Shares: September 27, 2024
- Other Important Matters:
- Both surviving and new companies hold joint liability for debts incurred prior to the demerger.
- The newly established company plans to merge with its subsidiary, Hanwha Vision Co., Ltd., after the completion of the demerger and relisting.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Demerger Process and Major Timeline Execution
The company is undergoing a spin-off to separate its defense and non-defense business units, and this correction notice reflects an administrative change in the responsible person. Verifying that key demerger terms and schedules—such as the split ratio, shareholder meeting date, trading suspension period, and record date—are executed as planned is important to determine whether the corporate split process is progressing normally. Detailed progress can be verified through future shareholder meeting outcome disclosures, registration statements, subsequent official disclosures, and periodic reports.
📢 Disclaimer & Source Notice
Source: This content was newly generated and structured based on official data submitted to the Financial Supervisory Service DART.
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