Source Fact: Financial Supervisory Service DART / 2024-06-14
Disclosure Type: Decision on Acquisition of Shares and Equity Securities of Other Corporations
💡 3-Second Summary
Hanwha Aerospace has resolved to acquire 17,536,368 common shares (6.83% stake) in US-based NextDecade Corporation for KRW 180,317,703,960 (approx. KRW 180.3B) in cash to expand financial investment and generate strategic business synergies.
📊 1. [Key Disclosure Content & Key Figures Summary]
- Target Company: Hanwha Aerospace Co., Ltd. (Stock Code: 012450)
- Issuing Company (Target Entity) Profile:
- Company Name & Country: NextDecade Corporation (USA / Representative: Matthew K. Schatzman)
- Core Business: Natural gas liquefaction, LNG sales, Carbon Capture & Storage (CCS) projects
- Capital & Total Shares Outstanding: KRW 35,166,150 (as of Dec 31, 2023) / 256,708,470 shares (as of Mar 4, 2024)
- Acquisition Details:
- Number of Shares to Acquire: 17,536,368 shares (Maximum tradable share limit)
- Acquisition Amount: KRW 180,317,703,960 (approx. KRW 180.3B)
- Ratio to Total Equity: 3.85% (Based on consolidated equity of KRW 4.6842T as of end-2023)
- Ratio to Total Assets: 0.92% (Based on consolidated total assets of KRW 19.5429T as of end-2023)
- Post-Acquisition Shareholding & Ownership Ratio: 17,536,368 shares (6.83%)
- Acquisition Method & Purpose: Cash acquisition / Expanding financial investment and creating strategic synergies
- Major Schedule & Transaction Conditions:
- Board Resolution Date: June 14, 2024 (4 outside directors present, 0 absent)
- Expected Acquisition Date (Closing Date): July 31, 2024
- Pre-conditions: Subject to regulatory approvals including US HSR filing clearance, which may affect the final closing date
- Applied Exchange Rate: 1,371.00 KRW/USD (Seoul Money Brokerage rate as of June 14, 2024)
- Important Notes:
- The final acquisition amount and exact share count will be finalized based on the volume-weighted average price (VWAP) over a designated trading window and will be re-disclosed upon confirmation.
📈 2. [Expert Insight: What This Disclosure Means for Investors]
This filing serves as an official notice that Hanwha Aerospace’s board has approved entering into a Stock Purchase Agreement (SPA) with existing shareholders of US LNG and CCS firm NextDecade Corporation to acquire a 6.83% equity stake (17,536,368 shares) for KRW 180,317,703,960.
The planned outlay represents 3.85% of Hanwha Aerospace’s equity, with the target transaction closing date set for July 31, 2024. As noted in the disclosure, the purchase price remains subject to adjustment based on volume-weighted average price calculations, and the closing timeline is contingent upon regulatory clearance under the US Hart-Scott-Rodino (HSR) Act. Market participants should track regulatory approval progress and look for subsequent re-disclosures detailing the finalized transaction value.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace has decided to acquire a 6.83% stake (approx. KRW 180.3B) in US LNG and carbon capture firm NextDecade. The board resolution took place on June 14, 2024, with a targeted closing date of July 31, 2024.
From an analytical standpoint, key items to monitor include the re-disclosure confirming the finalized purchase price based on VWAP metrics and the regulatory approval process (such as US HSR filing clearance) that governs the July 31, 2024 closing schedule.
📢 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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