Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace decided to conduct a simple spin-off (demerger) to separate its non-defense business segments—including security, chip mounters, and semiconductor equipment—into a newly established entity named Hanwha Industrial Solutions Co., Ltd. (tentative).
📊 Key Disclosure Contents & Financial Figures
- Disclosure Title: Decision on Corporate Split
- Demerger Method: Simple/Equity-ratio Demerger (Articles 530-2 through 530-11 of the Commercial Code)
- Surviving Entity: Hanwha Aerospace Co., Ltd. (Defense, aircraft gas turbine engines, space launch vehicles / Relisting via change of listing)
- Newly Established Entity: Hanwha Industrial Solutions Co., Ltd. (tentative) (Management and new investment in equity of subsidiaries in security, chip mounters, and semiconductor equipment / Re-listing)
- Demerger Ratio:
- Surviving Entity: 0.9002797
- Newly Established Entity: 0.0997203
- (Calculated based on net asset book value ratio as of Dec 31, 2023)
- New Share Allocation & Par Value Adjustment:
- Allocation Ratio: 0.997203 shares of newly established entity per 1 common share of surviving entity
- Par Value Per Share: KRW 5,000 (Surviving) -> KRW 500 (Newly Established, to increase the number of shares in circulation)
- Record Date for Share Allocation: August 30, 2024
- Pre & Post-Demerger Financial Summary (As of Dec 31, 2023, Unit: KRW):
- Surviving Entity (Hanwha Aerospace):
- Total Assets: KRW 13,847,241,795,947
- Total Liabilities: KRW 11,016,505,633,932
- Total Equity: KRW 2,830,736,162,015 (Capital Stock: KRW 240,405,805,000)
- Recent Annual Revenue: KRW 4,978,992,849,820
- Newly Established Entity (Hanwha Industrial Solutions Co., Ltd. (tentative)):
- Total Assets: KRW 313,810,504,539
- Total Liabilities: KRW 42,414,850
- Total Equity: KRW 313,768,089,689 (Capital Stock: KRW 25,244,195,000)
- Recent Annual Revenue: –
- Surviving Entity (Hanwha Aerospace):
- Key Demerger Schedule:
- Board Decision Date: April 5, 2024 (4 outside directors attended)
- Record Date for Shareholder Identification: June 28, 2024
- General Meeting of Shareholders Date: August 14, 2024
- Trading Suspension Period: August 29, 2024 ~ September 26, 2024
- Demerger Date: September 1, 2024
- Expected Listing Date of New Shares: September 27, 2024
- Other Important Matters:
- Joint and Several Liability: Surviving and newly established entities remain jointly and severally liable for pre-demerger debts
- Appraisal Rights: Not applicable due to simple spin-off nature with planned re-listing
- Future Restructuring Plan: Newly established entity plans to merge with its subsidiary Hanwha Vision Co., Ltd. promptly following completion of re-listing
- Serves as the confirmed disclosure following the unconfirmed disclosure on April 2, 2024
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Demerger Plan Approval at Extraordinary General Meeting of Shareholders
The immediate key step in Hanwha Aerospace’s demerger process is the Extraordinary General Meeting of Shareholders scheduled for August 14, 2024. Monitoring whether the approval of the demerger plan successfully passes the special resolution requirement at the shareholder meeting is the primary checkpoint for tracking this corporate restructuring. Detailed outcomes can be verified in subsequent official disclosures regarding shareholder meeting results 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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