Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace corrected its disclosure to reduce the amount and number of shares involved in swapping existing loans to its Singapore subsidiary (Hanwha Ocean SG Holdings) into equity, and extended the scheduled completion date to January 27, 2025.
📊 [Key Disclosure Details & Summary of Figures]
- Company Name: Hanwha Aerospace Co., Ltd.
- Ticker Symbol: 012450
- Disclosure Type: Decision on Acquisition of Shares and Investment Securities of Other Corporation (Corrected Disclosure)
- Disclosure Date: 2024-11-26 (Correction Date: 2024-11-25 / Original Disclosure Date: 2024-11-21)
- Target Company: Hanwha Ocean SG Holdings Pte. Ltd. (Singapore / Affiliated Company)
Key Corrections (Before Correction → After Correction):
- Number of Shares to Acquire: 622,880,756 shares → 613,041,649 shares (Decreased by 9,839,107 shares)
- Acquisition Amount: KRW 645.42B (KRW 645,422,810,560) → KRW 635.23B (KRW 635,227,626,277)
- Ratio to Equity: 15.36% → 15.12%
- Total Shares Held After Acquisition: 626,481,566 shares → 616,642,459 shares
- Equity Ratio After Acquisition: 73.29% → 72.71%
- Scheduled Acquisition Date: 2024-11-26 → 2025-01-27 (To be acquired in installments up to the scheduled date)
- Ratio of Acquisition Value to Total Assets: 3.30% → 3.25%
Other Details:
- Method of Acquisition: Participation in Third-Party Paid-in Capital Increase
- Purpose of Acquisition: Debt-to-Equity Swap (Converting loans of SGD 613,041,649, initially disclosed on 2024-09-11, into equity at an exchange rate of KRW 1,036.19/SGD)
- Board Resolution Date: 2024-11-21 (4 Outside Directors present)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Completion of Debt-to-Equity Swap and Capital Payment Schedule
This corrected disclosure reflects changes in the amount, number of shares, and final completion date (scheduled for installment acquisition until January 27, 2025) regarding the capital increase of its Singapore subsidiary. Verifying whether the loan-to-equity swap is successfully completed as planned is critical for understanding the company’s financial accounting reflectiveness and finalized ownership status in the subsidiary. The final progress can be verified in the “Status of Investment in Other Corporations” section and notes to financial statements in upcoming Periodic Reports (Quarterly, Half-Yearly, or Annual Business Reports) or subsequent corrective disclosures.
📢 Disclaimer and Source Notice
Source: This content was newly structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
Investment Risk Notice: This content is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial liabilities rest entirely with the investor.
Contact: For compliance inquiries or copyright requests, please contact ksb220805@gmail.com.
